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No, a capital improvement is not subject to sales tax. However, as a general rule, someone must pay the sales tax on the materials that are installed in a capital improvement job. One of the few exceptions to this rule is when the job is being performed for an organization that is exempt from NYS sales and use tax.
Sales of tangible personal property are subject to New York sales tax unless they are specifically exempt. Sales of services are generally exempt from New York sales tax unless they are specifically taxable.exempt property and services, and. exemption documents.
The California statute of limitations for breach of contract and breach of implied warranty is two years for oral agreements and four years for written ones.
A person or business must have a Home Improvement Contractor license to do construction, repair, remodeling, or other home improvement work to any residential land or building in New York City.This description is only a general explanation of who must have a Home Improvement Contractor license.
Most contractors do offer some kind of guarantee on their work, because doing so protects their interests as well as your own. While a contractor's warranty can protect you, the homeowner, from having to live with shoddy work, it also protects the contractor from having to return to fix things over and over again.
Average General Contractor RatesGeneral contractors charge at about 10 to 20 percent of the total construction project cost. For even larger projects, you might pay closer to the 25 percent mark for professional construction services.
Examples of services not subject to sales tax are capital improvements to real property, medical care, education, and personal and professional services.
How to Define Repair and Installation Projects. If the project is a repair, the contractor must pay sales tax on all the materials purchased for the job. In addition, sales tax is due from the owner based on the contractor's total invoice for the labor and materials of the job.
A one year warranty is the minimum you should expect. New York State law requires the buyer have certain warranties when buying a new home. One year's protection against faulty workmanship and defective materials.