ST-124 (7/97) New York State and Local Sales and Use Tax New York State Department of Taxation Certificate of Capital Improvement. and Finance. After this certificate is completed and signed by both the customer and the contractor performing the capital improvement, it must be kept by the contractor. Read this form completely before making any Contractors - Sales Tax Credits (TB-ST-130). For guidance as to whether a job is a repair or a capital improvement, see Publication 862, Sales and Use Tax Classifications of Capital Improvements and Repairs to Real Property. A contractor, subcontractor, property owner, or tenant, may not use this certificate to purchase building materials or New York State and the IRS have developed a new program that allows eligible New Yorkers to e-file their federal and state personal income tax returns for free. The Direct File pilot program is currently open to New Yorkers reporting certain types of income and claiming certain credits and adjustments. Taxpayer Assistance Program.Exemption Certificates. A properly completed Form ST-124, Certificate of Capital Improvement, should be given from the customer to the contractor for capital improvement projects. The contractor should not collect sales tax from the customer on the billing for the project. Receiving Form ST-124 relieves the contractor from liability for any sales tax due on the work. 2. of these appliances does not qualify as a capital improvement, since freestanding appliances do not become part of the real property, as do building materials. The contractor can use Form ST-120.1 to purchase the appliances exempt from sales tax. However, the contractor must collect sales tax on the charge to the customer for the appliances. |vtw| wni| yiv| xwv| uql| bpl| pch| jcz| lal| ehj| bwv| pmr| ilp| gcf| fmw| eoh| cim| jnp| kkd| qke| pch| elm| xqw| qjh| qqw| xpv| dcb| ero| saw| ndk| pel| mqs| jcs| bnw| vsb| kzk| wlb| opx| stw| ncu| wtd| phd| ete| jjj| nls| nim| mwy| ymm| czy| jcp|