Form S 3M Vermont PDF Details

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

QuestionAnswer
Form NameForm S 3M Vermont
Form Length3 pages
Fillable?No
Fillable fields0
Avg. time to fill out45 sec
Other namesvt tax exemption certificate, vermont tax exemption certificate, vt s 3m fillable, s 3m

Form Preview Example

 

Vermont Sales Tax Exemption Certificate

 

 

for

FORM

 

MANUFACTURING, PUBLISHING, RESEARCH & DEVELOPMENT,

 

S-3M

 

OR PACKAGING

 

 

 

32 V.S.A. §9741(14), (15), (16), (24)

 

 

 

 

TobefiledwiththeSELLER,notwiththeVTDepartmentofTaxes.

χSinglePurchase-EnterPurchasePrice$_________________

χMultiplePurchase(effectiveforsubsequentpurchases.)

BUYER

Buyer’s

Name

Tradingas

Address

City

Buyer’sPrimary Business

VT Registration Certificate Number

Federal ID

Number

State

Zip

 

 

 

Seller’s

 

 

SELLER

Name

 

 

Address

 

 

City

State

Zip

 

 

 

 

 

Exemptionclaimed

CLAIMED

χ Property consumed in manufacturing tangible

χ Packaging or shipping materials for use by a

personalpropertyforsale.

manufacturerorwholesaledistributor.

EXEMPTION

χ Machineryandequipmentuseddirectlyandex-

χ Propertyforuseorconsumptiondirectlyandex-

clusively in the manufacture, printing, or pub-

clusively in commercial, industrial, or agricul-

lishingoftangiblepersonalpropertyforsale.

turalresearchordevelopment.

 

 

I certify that, to the best of my knowledge and belief, the statements provided here are true and correct.

SignatureofBuyerorAuthorizedAgent

Title

Date

 

 

 

 

 

FORM S-3M

Thisformmaybephotocopied.

 

Rev. 5/03

INSTRUCTIONSFORMANUFACTURING,PUBLISHING,RESEARCH&DEVELOPMENT,

orPACKAGINGCERTIFICATEOFEXEMPTION(FormS-3M)

1.Tangiblepersonalpropertyispropertywhichcanbeseen,touched,andmeasured.

2.Theterm“distributor”doesnotincluderetailerssellingdirectlytotheultimateconsumer. Retailstoresofall kindsandrestaurantsarenotincludedinthetermsmanufacturerordistributor.

3.WherethemanufacturingprocessbeginsandendsisdescribedinRegulation1.9741(14),whichisavailableon ourwebsiteatwww.state.vt.us/taxorcanbeobtaineddirectlyfromtheVermontDepartmentofTaxes,POBox 547,Montpelier,VT 05601-0547. Pre-manufacturingandpost-manufacturingdonotqualifyforthisexemp- tion. Examplesofpre-manufacturingandpost-manufacturingactivitiesincludeprocuringrawmaterials,stor- ingrawmaterialsandfinished goods,anywrappingorpackagingafter initialpackaging,disposingofwaste, protectingtheenvironment,andmanagingthebusiness. Insummary: storagebeforeandaftermanufacturing, administration,salesandwastedisposal.

4.FormS-3Fshouldbeusedforpurchasesoffuelorelectricityuseddirectlyorindirectlyinmanufacturing.

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.