Tennessee Instructions for an Exemption Request

• Category: Tennessee Secretary of State - Miscellaneous
• State: Tennessee
• Control #: TN-SKU-1338
• Format: PDF

Description

Instructions for an Exemption Request Tennessee Instructions for an Exemption Request are the guidelines for individuals or businesses to request an exemption from certain taxes and fees in the state. There are two types of exemption requests: Sales and Use Tax Exemptions and Franchise and Excise Tax Exemptions. Sales and Use Tax Exemptions are filed with the Tennessee Department of Revenue for goods and services purchased for resale or other exempt uses. A valid exemption certificate must be submitted to the seller, and the seller must keep a copy of the certificate for their records. Franchise and Excise Tax Exemptions are filed with the Tennessee Department of Revenue for certain organizations that are exempt from the franchise and excise tax. These include religious, charitable, and educational organizations. To qualify for exemption, the organization must meet certain criteria and must provide documentation to the Department of Revenue. Exemption requests must include documentation that verifies the organization's exemption status, such as a copy of the organization's charter, a copy of the organization's IRS letter of determination, and financial statements. The exemption request must also include a completed exemption application form, which can be found on the Tennessee Department of Revenue website. Once the exemption request is submitted, the Tennessee Department of Revenue will process the request and, if approved, issue an exemption certificate. The certificate must be presented to the seller at the time of the purchase in order to be exempt from the applicable taxes and fees.

Tennessee Instructions for an Exemption Request are the guidelines for individuals or businesses to request an exemption from certain taxes and fees in the state. There are two types of exemption requests: Sales and Use Tax Exemptions and Franchise and Excise Tax Exemptions. Sales and Use Tax Exemptions are filed with the Tennessee Department of Revenue for goods and services purchased for resale or other exempt uses. A valid exemption certificate must be submitted to the seller, and the seller must keep a copy of the certificate for their records. Franchise and Excise Tax Exemptions are filed with the Tennessee Department of Revenue for certain organizations that are exempt from the franchise and excise tax. These include religious, charitable, and educational organizations. To qualify for exemption, the organization must meet certain criteria and must provide documentation to the Department of Revenue. Exemption requests must include documentation that verifies the organization's exemption status, such as a copy of the organization's charter, a copy of the organization's IRS letter of determination, and financial statements. The exemption request must also include a completed exemption application form, which can be found on the Tennessee Department of Revenue website. Once the exemption request is submitted, the Tennessee Department of Revenue will process the request and, if approved, issue an exemption certificate. The certificate must be presented to the seller at the time of the purchase in order to be exempt from the applicable taxes and fees.