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Utility Study

As an incentive, many states offer companies a sales tax exemption on utilities (e.g. electricity and natural gas) consumed for certain industries to operate equipment and facilities within the state.  Qualifying activities vary with each state, but generally include manufacturing, agriculture, and long-term housing.  The level of exemption also varies from 100% exemption to actual percentages for qualified activities to a discounted sales tax rate.

For companies that meet the requirements for the state’s exemption an engineered study is required to document the usage of electricity and/or gas within a facility.  CTMI can quickly assess whether your company may qualify for a sales tax exemption on your utilities and would benefit by undergoing a full engineering analysis.  Our sales tax consultants will assist
CTMI’s Utility Studies are comprehensive, well documented and accurate to ensure your facility meets the states requirements.   

 

 

ASML

“CTMI was able to help us improve our property tax reporting and reduce our tax liability.  We count ourselves lucky to have had the good fortune of working with such a professional group of individuals who know their trade very well.”

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