Form Dr 0511 PDF Details

Navigating the intricacies of tax exemptions for farm equipment in Colorado necessitates understanding the DR 0511 form. This form, issued by the Colorado Department of Revenue, serves as an affidavit for individuals seeking a sales tax exemption on farm equipment. By completing this form, purchasers attest that their acquisition—whether bought or leased—will be used directly and primarily in profit-driven farm, ranch, or livestock production, including dairy farms producing raw milk. It highlights the buyer's responsibility for any future tax assessments, including penalties and interest, should the purchase not qualify for exemption or if the use of the equipment changes to a non-qualifying one. Importantly, it outlines the dealer's role in ensuring compliance, specifying that dealers cannot solely rely on this affidavit in cases of doubt regarding the equipment's primary use or eligibility as farm equipment. Furthermore, it mentions the possibility of a tax refund through form DR 0137 for customers who pay sales tax but can later prove the equipment's use and their operation's eligibility. Completing the form requires detailed information from both the purchaser and the seller, emphasizing the importance of accuracy and completeness. This document must be retained for three years, signifying its ongoing relevance to both the buyer and the Colorado Department of Revenue, which reserves the right to request a copy at any time within this period.

QuestionAnswer
Form NameForm Dr 0511
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesco 0511, affidavit sales exemption, colorado affidavit exemption, colorado exemption farm

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DR 0511 (08/30/13)

COLORADO DEPARTMENT OF REVENUE

DENVER, CO 80261 - 0009

*130511==19999*

Afidavit for Colorado Sales

Tax Exemption for Farm Equipment

I afirm that I have reviewed the written standards on this afidavit and that the primary use of this purchase or lease will qualify for the Colorado sales tax exemption for farm equipment used directly and primarily in my for-proit farm, ranch or livestock production facility operation, or used at my dairy farm for the production of raw milk.

I accept that I remain directly liable for the sales or use tax assessment, and any applicable penalty or interest, if my purchase is found to not qualify for the exemption, or if my purchase or lease is converted to a non-qualifying use.

I understand that the dealer may request this afidavit for every purchase or lease, or less frequently, but a minimum of every two years.

Please Print or Type

Customer Last Name

First Name

Middle Initial Colorado Driver License Number

Company Name (if applicable)

 

TIN or Colorado Tax Number (if applicable)

Address

City

State Zip

Signature

 

Date (MM/DD/YY)

Seller Business Name

 

Colorado Sales Tax Account Number

Date of Sale* (MM/DD/YY)

Amount of Sale*

Invoice Number*

Dealer: Where any dealer has a reasonable doubt about either the primary use of the item they are selling to a commercial farm or ranch, or whether the item qualiies as a farm tractor, implement of husbandry, irrigation equipment, or aircraft used in crop dusting, the dealer cannot rely on this afidavit and must collect the sales tax. [§39-26-703 C.R.S.]. Any customer who must pay the sales tax may claim a refund from the Depart- ment of Revenue on form DR 0137, providing such proof of his farming operation expenses and income and the use of the item as is appropriate. Illegible or incomplete afidavits cannot be accepted. Dealers who accept them risk liability for tax on the products.

This afidavit must be retained for three years from the date the vendor iles his or her sales tax return reporting the sale. The department may request a copy of this

afidavit at any time during that three year period.

*Sellers must either (1) show the details of the sale here on the afidavit blocks or (2) be able to tie this afidavit back to every purchase the customer made that was tax emempted under this afidavit.

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