APP

To find a career in Aroostook County, visit www.opportunitiesaroostook.com

 

 

Research and Development Sales Tax Exemptions

Eligible Businesses:
Any business that purchases fuel and/or electricity for use in its manufacturing operation.
Program Summary:
Sales of machinery and equipment used by the purchaser directly and exclusively in research and development are eligible for a sales tax exemption.
   
Program Valuation Example:
Investment Assumptions
Machinery and Equipment Investments
 
$60,000
 
ROI & Program Valuation
State Sales Tax Liability
$25,500
Research and Development Sales Tax Exemption
$25,500
   
Total Value of Research and Development Sales Tax Exemptions:
$25,500

 

 



 © Aroostook Partnership 2019