Form S-3M Vermont is one of the Uniform Commercial Code forms filed with the Vermont Secretary of State. The form is used to register a security offering and to provide information about the issuer and the securities being offered. The form must be accompanied by an opinion of counsel, a copy of the subscription agreement, and other required documents. The use of Form S-3M Vermont is optional for private offerings that are conducted in compliance with Regulation D under the Securities Act of 1933. However, some issuers may find it advantageous to use Form S-3M because it provides certain protections from liability under state securities laws. For example, if an issuer uses Form S-3M and later becomes subject to a state securities law enforcement action, the issuer may be able to assert that it complied with applicable state law requirements in filing its registration statement. Form S-3M should not be used for offerings that are registered with the SEC or that are subject to Rule
Question | Answer |
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Form Name | Form S 3M Vermont |
Form Length | 3 pages |
Fillable? | No |
Fillable fields | 0 |
Avg. time to fill out | 45 sec |
Other names | vt tax exemption certificate, vermont tax exemption certificate, vt s 3m fillable, s 3m |
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Vermont Sales Tax Exemption Certificate |
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for |
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MANUFACTURING, PUBLISHING, RESEARCH & DEVELOPMENT, |
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OR PACKAGING |
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32 V.S.A. §9741(14), (15), (16), (24) |
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TobefiledwiththeSELLER,notwiththeVTDepartmentofTaxes.
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χMultiplePurchase(effectiveforsubsequentpurchases.)
BUYER
Buyer’s
Name
Tradingas
Address
City
Buyer’sPrimary Business
VT Registration Certificate Number
Federal ID
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Seller’s |
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SELLER |
Name |
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Address |
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Exemptionclaimed
CLAIMED |
χ Property consumed in manufacturing tangible |
χ Packaging or shipping materials for use by a |
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personalpropertyforsale. |
manufacturerorwholesaledistributor. |
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EXEMPTION |
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χ Machineryandequipmentuseddirectlyandex- |
χ Propertyforuseorconsumptiondirectlyandex- |
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clusively in the manufacture, printing, or pub- |
clusively in commercial, industrial, or agricul- |
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lishingoftangiblepersonalpropertyforsale. |
turalresearchordevelopment. |
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I certify that, to the best of my knowledge and belief, the statements provided here are true and correct.
SignatureofBuyerorAuthorizedAgent |
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FORM |
Thisformmaybephotocopied. |
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Rev. 5/03 |
INSTRUCTIONSFORMANUFACTURING,PUBLISHING,RESEARCH&DEVELOPMENT,
1.Tangiblepersonalpropertyispropertywhichcanbeseen,touched,andmeasured.
2.Theterm“distributor”doesnotincluderetailerssellingdirectlytotheultimateconsumer. Retailstoresofall kindsandrestaurantsarenotincludedinthetermsmanufacturerordistributor.
3.WherethemanufacturingprocessbeginsandendsisdescribedinRegulation1.9741(14),whichisavailableon ourwebsiteatwww.state.vt.us/taxorcanbeobtaineddirectlyfromtheVermontDepartmentofTaxes,POBox 547,Montpelier,VT
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5.GOODFAITH Ingeneral,asellerwhoacceptsanexemptioncertificatein“goodfaith”isrelievedofliability forcollectionorpaymentoftaxupontransactionscoveredbythecertificate. Thequestionof“goodfaith”is one of fact and depends upon a consideration of all the conditions surrounding the transaction. A seller is presumedtobefamiliarwiththelawandtheregulationspertinenttothebusinessinwhichhedeals.
Inorderfor“goodfaith”tobeestablished,thefollowingconditionsmustbemet:
a.Thecertificatemustcontainnostatementorentrywhichthesellerknows,orhasreasontoknow,is falseormisleading.
b.Thecertificatemustbesubstantiallyliketheformontheotherside.
c.Thecertificatemustbedatedandexecutedinaccordancewiththepublishedinstructions,andmust becompleteandregularineveryrespect.
d.The property to be purchased is of a type ordinarily used in the buyer’s business for the purpose describedinthecertificate.
e.Thecertificatehasbeenreceivedpriortooratthetimeofthesale.
6.IMPROPERCERTIFICATE/LACKOFCERTIFICATE Salestransactionswhicharenotsupportedbyprop- erlyexecutedexemptioncertificatesshallbedeemedtobetaxableretailsales. Theburdenofproofthatthetax wasnotrequiredtobecollectedisupontheSELLER.
7.RETENTION OF CERTIFICATES Certificates must be retained by the seller for a period of not less than three(3)yearsfromthedateofthelastsalecoveredbythecertificate.
8.ADDITIONALPURCHASESBYSAMEBUYER IfthebuyerhasthisasaMultiplePurchasecertificate,the certificatecoversadditionalpurchasesofthesametypeofproperty. Foreachsubsequentpurchase,theseller mustshowsufficientidentifyinginformationonthesalessliptotracethepurchasetotheexemptioncertificate onfile.