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Fuel Electricity Sales Tax Exemption

Eligible Businesses:
Any business that purchases fuel and/or electricity for use in its manufacturing operation.
Program Summary:
Manufacturers are exempt from paying 95% of the sales tax on fuel and/or electricity used in the manufacturing operation.
Program Valuation Example:
Investment Assumptions
Annual Electricity Expenses
$100,000
Annual Fuel Expenses
$60,000
ROI & Program Valuation
State Sales Tax Liability
$8,000
Fuel & Electricity Sales Tax Exemption
$7,600
State Sales Tax Liability after Exemption
$400
Total Value of Fuel and Electricity Sales Tax Exemptions:
$7,600

 

 

 



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