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SALES TAX FORT MYERS FL CALCULATOR HOW TO
SALES TAX FORT MYERS FL CALCULATOR INSTALL
SALES TAX FORT MYERS FL CALCULATOR CODE

There are a separate set of discretionary surtax cap rules for manufacturers of tangible personal property that install the property into real property during a real property contract under Rule 12A-15.008(1)(c)(4-5), F.A.C. Alternatively, if the purchaser is going to fabricate tangible personal property with at least some of the purchased goods, then purchaser is entitled to extend a resale certificate to the retailer and accrue/remit the tax. The retailer must document and keep proof that the sale qualifies due to the purchaser’s use of the materials. When a retailer must figure out when a purchaser is purchasing seemly random items that will become a working unit for a purchaser, it becomes a real challenge. The bulk sale/working unit requirements can be truly confusing to apply for both retailers and purchasers.

The items are components parts that have no utility unless assembled with each other to form a working unit or part of a working unit.

Items are normally sold in a single sale by the seller to the purchaser for use in the normal business practice of the purchaser as an integral unit (like a roofing contractor buying nails, lumber, rolls of felt, roof tile, etc that will be used to complete a single roof), or.

Items are normally sold as a set or a unit and the utility of each for its intended purposes is dependent on the set being complete (like a matching living room furniture set),.

Items are multiple quantities of a single item that the dealer normally sells in multiple quantities (like masonry block or 2x4’s) or the purchaser normally buys in multiple quantities in the normal course of the purchaser’s business,.

What qualifies for “items normally sold in bulk” or “items that compromise a working unit?” Rule 12A-15.004(3)(b) provides the sale must meet ONE of the following requirements:

If delivery does not occur at the same time, then the documentation must provide for a specific period of time for delivery to be completed.

The written documentation of the single sale must:.

You must have an invoice, sales slip, charge ticket, written purchase order/agreement, or other tangible evidence of sale that establish the items were sold in a single sale, and.

What does it mean to be a “single sale?” Rule 12A-15.004(3)(a) provides a laundry list of requirements as follows: However, the Rule goes on to provide “when multiple items of tangible personal property are sold by a dealer to the same purchaser at the same time, the $5,000 limitation applies when the sale or purchase” meets the requirements as (1) a “single sale” and (2) the goods are “items normally sold in bulk or items that comprise a working unit or part of a working unit.” So, let’s explore these two requirements…

SALES TAX FORT MYERS FL CALCULATOR HOW TO

If you gleamed how to apply the discretionary surtax cap just from this sentence, then you would, incorrectly, presume that the cap only applies to the sale of a single item. The Rule starts out by providing “the surtax does not apply to the sales amount above $5,000 on any item of tangible personal property.” This one sentence is probably the root of most of the confusion surrounding the bulk sale rule.

SALES TAX FORT MYERS FL CALCULATOR CODE

The best place to start is Florida Rule 12A-15.004(3), Florida Administrative Code (“F.A.C.”), which provides the guidance for retailers to determine when and how to apply the discretionary surtax cap. But for a high-volume retailer, even small tax discrepancies can add up in the typical 3-year sales tax audit. Because counties have anywhere from a 0% to 2% discretionary sales surtax rate, the dollar amounts can be significant to customers on large transactions. The Department of Revenue is more than happy if a retailer over collects tax, so overcollection is rarely identified during audits. Customers don’t want to overpay the surtax, for obvious reasons. Retailers don’t want to get caught under charging the surtax and become liable for the tax.

The “criteria” to qualify for the surtax cap seems to be the confusion and frustration. This article is designed to clear up the confusion about the $5,000 discretionary surtax cap.īy law, discretionary sales surtax only applies to the first $5,000 of a transaction, but only if certain criteria are met. Retailers and customers alike often disagree when the cap applies and there is a great deal of inconsistency in the various retail industries. One such complication that seems to cause a lot of frustration is the $5,000 discretionary surtax cap for bulk sales. Retailers are liable to the Department of Revenue for under collecting tax and retailers can be sued by their customers for over collecting tax (class action tax law suits are become more common). For retailers in Florida, keeping up with sales tax laws and exemptions can be a daunting task.