So I've read the tax document and can't determine the answer...and I see a thread here that says both yes and no....Does one have to pay NYS Sales Tax on a boiler/storage purchase to wonderful NY?
NYS Sales Tax or no?
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SolarAndWood
Minister of Fire
Fsappo
Minister of Fire
Just remember about NYS...someone, somewhere is going to pay the tax. Just go in the .gov website, it explains it there, the use tax, etc. On a cap imp, the only item that no one would pay tax on is the labor. But a boiler, either your paying sales tax, the guy selling it to you paid the sales tax to the manufacturer, or the guy selling it to you paid a use tax and just builds it in to the price of the boiler
SolarAndWood
Minister of Fire
Franks said:
Other than payroll taxes, mandatory people insurance, etc and your employees paying income tax...
Fsappo
Minister of Fire
The law in Indiana is "use tax." If you buy something from out of state and do not pay sales tax, you are required to report this purchase on your income tax for that year. The state then gets you for a "use tax," which is the same percentage as Indiana sales tax. I am sure this law is routinely ignored (I paid mine on my boiler bought from Pennsylvania), but that's the law here. I would suspect it is similar for NY, but you'd have to check your tax code.
Andrew
Andrew
It depends on the dealer. A dealer has the option of doing a Capital Improvement or a direct sale like a purchase at the local hardware store.That one is easy. The Capital Improvement involves more paper work for the dealer. It involves installs by dealer only. No direct sales. (this is what gets dealers in trouble with the IRS ,NO DIRECT SALES) The dealer has to charge tax on the cost of goods but not labor of the install. Dealer has to keep the Capital Improvement form signed by customer in files for any possible audits. He dont have this he gets to pay your sales tax to the state and hes out of business. There is a Wood Doctor dealer selling in this area with direct sales using the Capitol Improvement .Poor guy if he gets audited
Farms can be tax exempt
Hope this helps.
Farms can be tax exempt
Hope this helps.
So maybe I just need to purchase out of state! Yes, then you pay some amount at income tax time. When I had the oil boiler purchased and installed, no tax....capital improvment. When I bought a drainage sump (concrete box) and all my buried drain pipe (schedule 30 stuff), no tax. But every other piece of material for the house I built.....tax. So I don't understand....the best answer I heard is "depends on the dealer!" But hardwood floors I think are considered capital improvement and no tax....but perhaps the builder pays (which is me in this case).
Add another $1300 or so to the system, eh?
Add another $1300 or so to the system, eh?
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