Maryland Resale Certificate

A resale certificate is a statement you produce and give to your supplier stating that the merchandise you are purchasing is going to be resold or will become a part of a product that will be resold.

Maryland resale certificate. If you are presented with a resale certificate you may use our online services to verify its validity. Are sellers required to accept resale certificates. Also known as. To make tax exempt purchases for items intended for resale or for property that will be incorporated into something you manufacture to sell you must give the vendor a resale certificate.

Acceptance of uniform sales tax certificates in maryland. Frequently asked questions about the sales and use tax. Does a maryland resale certificate expire. You should keep a resale certificate signed by the buyer and bearing the buyers maryland registration number on file to document the tax free sales of exempt materials.

Online verification of maryland tax account numbers. This is a reminder that state offices are closed monday january 20 2020 in observance of martin luther king jr. Use the form below to verify that the customer possesses a valid tax exempt number or a valid maryland combined registration number and to print out a prepared resale certificate for your records if the purchase is being made for resale. In maryland resale certificates may not be used to make tax free purchases for resale if the purchase is less than 200 and payment is by cash check or credit card unless the seller delivers the goods directly to the buyers retail place of business.

Maryland tax exemption maryland resale certificate maryland sale and use tax maryland wholesale certificate etc. Maryland does permit the use of a blanket resale certificate which means a single certificate on file with the vendor can be re used for all exempt purchases made from that vendor. A note on purchases under 200. Individual tax filing season officially kicks off january 27 2020.

12 how can i obtain a resale certificate. This ia a resale certificate which is a special type of sales tax exemption certificate intended for use by businesses or individuals who are purchasing goods which will be resoldsince sales taxes are meant to be paid by the end consumer of the goods resellers and dealers are allowed to purchase their inventory of goods for resale tax free. Most businesses operating in or selling in the state of maryland are required to purchase a resale certificate annually. Purchases for resale contrary to what some people believe a sales and use tax license is not a tax number that exempts you from paying sales and use tax.

Even online based businesses shipping products to maryland residents must collect sales tax.