Capital Equipment and Industrial Production classes in St. Paul, MN

This course is for businesses located in Minnesota that make products intended to be sold ultimately at retail. It is designed for business owners, bookkeepers, purchasing agents, and accountants who need a working knowledge of how sales and use taxes in Minnesota relate to product makers and the manufacturing process.

The primary focus is to give participants a better understanding of what items may (or may not) qualify for the Industrial Production and Capital Equipment exemptions. Though we’ll cover some basics about Sales and Use Tax, this course is not meant as an introduction to the topic.

Course Objectives

After completing this class you will:

• Recognize when you owe sales or use taxes

• Identify what qualifies as “capital equipment”

• Recognize the differences between the capital equipment and industrial production exemptions

• Distinguish how the use of goods determines if an item qualifies for one of these exemptions

• Identify the types of refunds and exemptions available to businesses engaged in industrial production