Get Nys Tax Exempt Form - Hunter College - Hunter Cuny

Tax-exempt refers to income or transactions that are free from tax at the federal, state, or local level.

If you're granted sales tax exempt status We'll issue Form ST-119, Exempt Organization Certificate, to you. It will contain your six-digit New York State sales tax exemption number.

Transactions not subject to tax/exempt sales The Tax Law exempts purchases for resale; most sales to or by the federal and New York State governments, charitable organizations, and certain other exempt organizations; sales of most food for home consumption; and sales of prescription and nonprescription medicines.

If you have a valid Certificate of Authority, you may use Form ST-121 to purchase, rent, or lease tangible personal property or services exempt from tax to the extent indicated in these instructions. Complete all required entries on the form and give it to the seller.

Sales tax exemption certificates enable a purchaser to make tax-free purchases that would normally be subject to sales tax. The purchaser fills out the certificate and gives it to the seller. The seller keeps the certificate and may then sell property or services to the purchaser without charging sales tax.

Like the majority of universities in the United States, CUNY is tax exempt under IRC Section 501(c)(3) because of its role as an educational institution. The exemption means it doesn't have to pay federal income tax.