A certificate of exemption template is a formal document that gives someone unique approval not to do or pay something. Generally the revenue has control to grant exemption certificates to the building subcontractors where company becomes bankrupt for bona fide reason. An organization may be used its exemption document to purchase real personal assets that will be used in carrying on its works. It includes office supplies or equipment and also used in fundraising activities. Generally the certificate is wallet sized card bearing the holders eight digit exemption number and an expiration date. The certificate is not transferable and applies on purchases made by the register organization.
A certificate of exemption is required in order to make tax free purchases of products and services that are taxable. The document of exemption provides the evidence that it is nonprofit organization and it is not needed to pay state sales tax. Generally every fourth year the department of revenue reissues nonprofit and agricultural exemptions to all current exemptions holders. The renewed certificates just mailed before the expiring of the current certificate. The following organizations are qualified for the certificates nonprofit charitable, volunteer fire companies or rescue squads, government agencies, credit unions, educational and religious institutions.