Form St 340 PDF Details

When preparing your income tax return, many individuals will use Form 1040. This form is the most common document used to file an annual federal income tax return. There are several versions of Form 1040, including the short form (1040A) and the long form (1040). However, there is another form that can be used to file an income tax return - Form St 340. So, what is Form St 340? And how does it differ from Form 1040? Let's take a closer look.

QuestionAnswer
Form NameForm St 340
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesform 340 pdf, form 340 print, how to st 340, nys forms

Form Preview Example

Department of Taxation and Finance

Annual Report of Sales and Use Tax Exemptions Claimed by Agent/Project Operator of Industrial Development Agency/Authority (IDA)

ST-340

(1/18)

 

For period ending December 31,

(enter year)

 

 

 

 

 

 

 

 

 

 

 

 

 

Project information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Name of IDA agent/project operator

 

 

 

 

Employer identiication number (EIN)

 

 

 

 

 

 

 

 

 

 

 

Street address

 

 

 

 

Telephone number

 

 

 

 

 

 

(

 

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City

 

 

 

 

State

 

ZIP code

 

 

 

 

 

 

 

 

 

 

 

Name of IDA

 

Name of project

 

 

IDA project number

 

 

 

 

 

 

 

 

 

 

 

Street address of project site

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City

 

 

 

 

State

 

ZIP code

 

 

 

 

 

 

 

 

 

 

 

Date project began

 

 

Completion date of project

 

 

 

 

 

 

 

 

 

Actual

Expected

 

 

 

 

 

 

 

 

 

Total sales and use tax exemptions (actual tax savings; not total purchases)

$

 

 

Representative information (not required)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Authorized representative, if any

 

 

 

 

Title

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Street address

 

 

 

 

Telephone number

 

 

 

 

(

 

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

City

 

 

 

 

State

 

ZIP code

 

 

 

 

 

 

 

 

 

 

 

 

Certiication

I certify that the above statements are true, complete, and correct, and that no material information has been omitted. I make these statements with the knowledge that willfully providing false or fraudulent information with this document may constitute a felony or other crime under New York State Law, punishable by a substantial ine and possible jail sentence. I also understand that the Tax Department is authorized to investigate the validity of any information entered on this document.

Print name of oficer, employee, or authorized representative

Title of person signing

 

 

 

Signature

 

Date

 

 

 

If you do not annually ile a complete report, we may remove your authority to act as an IDA agent/project operator.

Mail completed report to:

NYS TAX DEPARTMENT

IDA UNIT

W A HARRIMAN CAMPUS

ALBANY NY 12227-0866

If not using U.S. Mail, see Publication 55, Designated Private Delivery Services.

Page 2 of 2 ST-340 (1/18)

Instructions

General information

Who must ile

The General Municipal Law (GML) and the Public Authorities Law require the agent/project operator (also known as the project occupant) of an Industrial Development Agency or Authority (IDA) to ile an annual report with the Tax Department. The agent/project operator required to ile this report is the person directly appointed by the IDA to act for and to represent the IDA for the project. The

agent/project operator is ordinarily the one for whom the IDA project was created.

There is usually only one agent/project operator directly appointed by the IDA for an IDA project. However, if the IDA directly appoints multiple agents/project operators, each agent/project operator must ile this form (unless they are related corporations).

Only the agent/project operators directly appointed by the IDA must ile Form ST-340. Contractors, subcontractors, consultants, or agents appointed by the agent/project operators should not themselves ile Form ST-340. However, the agent/project operators must include on Form ST-340 information obtained from such contractors, subcontractors, consultants, and agents, as described below.

must ile a separate report for each project, even if authorized by the

same IDA.

Date project began: Enter the date the project started (this means the earliest of the date of any bond or inducement resolution, the execution of any lease, or any bond issuance). Include month, day,

and year.

Completion date of project: Enter the date installation, lease, or rental of property (for example, machinery or computers) on the project ended, or the date the project is expected to be completed. Mark an X in the appropriate box to indicate if the date entered is actual or expected.

Total sales and use tax exemptions: Enter the total amount of New York State and local sales and use taxes exempted during the reporting period as a result of the project’s receipt of IDA inancial assistance (if none, enter 0). This includes exemptions obtained at the time of purchase, as well as through a refund or credit of tax paid. Include the sales and use taxes exempted on purchases of property or services incorporated into or used on the exempt project. This includes the taxes exempted on purchases made by or on behalf of the agent/project operator, the general contractor for the project, and any subcontractors, consultants, or others. Do not enter total purchases.

What you must report

The report must show the total value of all state and local sales and use taxes exempted during the calendar year, as a result of the project’s designation as an IDA project. This includes:

•the value of the exemptions the agent/project operator (you) obtained; and

•the value of the exemptions obtained by your contractors, subcontractors, consultants, and others, whether or not appointed as agents of the IDA.

Include only the total combined exemptions obtained by the above people. A breakdown of the total is not required. However, since the report must include the value of the exemptions they obtained, you must keep records of the amounts others report to you.

You must make it clear to the contractors, subcontractors, consultants, and others that they must keep accurate tax information and have it available, so that you can comply with the annual reporting requirements.

Do not include on this report the amount of any sales and use tax exemptions from other provisions of the Tax Law (for example, manufacturer’s production equipment exemption, research and development exemption, or contractor’s exemption for tangible

personal property incorporated into a project of an exempt

organization).

When the report is due

You must ile Form ST-340 on a calendar-year basis. It is due by the last day of February of the following year. The reporting requirement applies to IDA projects started on or after July 21, 1993.

Project information

At the top of the form, identify the reporting period by entering the year in the space provided. If an address is required, always include

the ZIP code.

Name of IDA agent/project operator: Enter your name, address, employer identiication number (EIN), and telephone number.

Name of IDA and IDA project number: Enter the name and address of the IDA. If more than one IDA is involved in a particular project, you must ile a separate report for the tax exemptions attributable to each IDA. Also enter the ID project number.

Name of project: Enter the name of the project and the address of the project site. If you are involved in more than one project, you

Representative information

If applicable, enter the name, address, title (for example, attorney or accountant), and telephone number of the individual you authorize to submit this report. This section is not required.

Certiication

Enter the name and title of the person signing on your behalf (for example, the IDA agent/project operator’s oficer, employee, or other authorized representative). Your oficer, employee, or authorized representative must sign and date the report.

Mail completed report to:

NYS TAX DEPARTMENT

IDA UNIT

W A HARRIMAN CAMPUS

ALBANY NY 12227-0866

If not using U.S. Mail, see Publication 55, Designated Private

Delivery Services.

Need help?

Visit our website at www.tax.ny.gov

•get information and manage your taxes online

•check for new online services and features

Telephone assistance

 

Sales Tax Information Center:

518-485-2889

To order forms and publications:

518-457-5431

Text Telephone (TTY) or TDD

Dial 7-1-1 for the

equipment users

New York Relay Service

Privacy notiication

New York State Law requires all government agencies that maintain a system of records to provide notiication of the legal authority

for any request for personal information, the principal purpose(s) for which the information is to be collected, and where it will be maintained. To view this information, visit our website, or, if you do not have Internet access, call and request Publication 54, Privacy Notiication. See Need help? for the Web address and telephone number.

How to Edit Form St 340 Online for Free

Should you desire to fill out nys forms, you won't have to download and install any kind of software - simply try using our PDF tool. Our tool is consistently evolving to give the best user experience attainable, and that's because of our resolve for continuous development and listening closely to comments from customers. Getting underway is easy! All you should do is stick to these easy steps below:

Step 1: Just click the "Get Form Button" at the top of this webpage to launch our pdf form editing tool. There you will find everything that is needed to work with your file.

Step 2: The editor gives you the ability to work with PDF forms in a range of ways. Improve it with any text, adjust what's already in the file, and put in a signature - all doable within minutes!

It is actually simple to finish the pdf adhering to this practical tutorial! Here is what you must do:

1. Begin completing your nys forms with a number of major blanks. Consider all the required information and be sure there is nothing missed!

form 340 conclusion process clarified (stage 1)

2. Once the previous section is complete, you're ready put in the essential particulars in City, State, ZIP code, Certiication, I certify that the above, Print name of oficer employee or, Title of person signing, Signature, Date, If you do not annually ile a, Mail completed report to, NYS TAX DEPARTMENT IDA UNIT W A, and If not using US Mail see allowing you to progress further.

Completing section 2 in form 340

Regarding Date and ZIP code, be sure you take a second look in this current part. Both of these are definitely the most significant fields in the document.

Step 3: Check the details you've entered into the blanks and click on the "Done" button. After registering a7-day free trial account with us, you will be able to download nys forms or email it right off. The PDF form will also be easily accessible via your personal cabinet with your each and every edit. When using FormsPal, it is simple to complete forms without stressing about data leaks or entries being distributed. Our protected platform helps to ensure that your private data is stored safe.

Form St 340 isn’t the one you’re looking for?

Related Documents