Common use of TAX EXEMPTION REQUIREMENTS Clause in Contracts

TAX EXEMPTION REQUIREMENTS. For Tax Exemption or Resale Status, a VALID tax exemption or resale certificate MUST be received before an account can be established. Each State has specific legal requirements regarding the exemption of sales and use tax. However; in ALL CASES, the name of the entity listed as the “SOLD TO” or selling party, must match the legal name of the entity the certificate was issued under by the state taxing authority. Medline Industries & Subsidiaries has sales and use tax nexus in every state and is therefore required by law to charge sales tax unless a valid certificate is provided. In the majority of the states, if the ‘SOLD TO” is NOT registered for exemption within the “Ship To State”, and Medline will be drop shipping on your behalf to your customers or affiliates located within that state, tax will be assessed. In a limited number of States, a home state resale certificate, along with a No Nexus form may satisfy the requirements for exemption. This documentation must be provided at the time the account is established and must be periodically updated as required to receive an exemption from sales tax. State Resale Number Taxable/For Profit Federal ID Number

Appears in 7 contracts

Samples: Customer Credit Application and Agreement, Customer Credit Application and Agreement, Customer Credit Application and Agreement

AutoNDA by SimpleDocs

TAX EXEMPTION REQUIREMENTS. For Tax Exemption or Resale Status, a VALID tax exemption or resale certificate MUST be received before an account can be established. Each State has specific legal requirements regarding the exemption of sales and use tax. However; in ALL CASES, the name of the entity listed as the “SOLD TO” or selling party, must match the legal name of the entity the certificate was issued under by the state taxing authority. Medline Industries & Subsidiaries has sales and use tax nexus in every state and is therefore required by law to charge sales tax unless a valid certificate is provided. In the majority of the states, if the ‘SOLD TO” is NOT registered for exemption within the “Ship To State”, and Medline will be drop shipping on your behalf to your customers or affiliates located within that state, tax will be assessed. In a limited number of States, a home state resale certificate, along with a No Nexus form may satisfy the requirements for exemption. This documentation must be provided at the time the account is established and must be periodically updated as required to receive an exemption from sales tax. State Resale Registration Number Taxable/For Profit Federal ID NumberStates Exempt

Appears in 2 contracts

Samples: Customer Credit Application and Agreement, Customer Agreement for Credit Card Purchases

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!