Mn Resale Form PDF Details

The Minnesota Resale Exemption Certificate ST-5 form stands as a crucial document for businesses engaged in the purchasing, leasing, or renting of merchandise for resale purposes, ensuring compliance with the state's sales and use tax regulations. Designed to streamline the tax exemption process, this certificate must be thoroughly completed by the purchaser and retained by the seller as part of their records. The form accommodates both single purchases and ongoing transactions under the blanket certificate option, which remains effective until explicitly canceled by the purchaser. Its significance extends to contractor-retailers, who must verify their engagement in retail sales and their commitment to reporting and paying sales and use taxes directly to the commissioner. The clarity and accuracy of information provided on the certificate, including details about the nature of the purchaser’s business and the specific merchandise intended for resale, are imperative. Misuse or deliberate evasion of sales tax through incorrect certificate use not only undermines the integrity of this exemption mechanism but also subjects violators to penalties under Minnesota law. As such, this document serves not only as a facilitation tool for business operations but also as a testament to the adherence to state tax laws, underscoring the importance of good faith in business transactions.

QuestionAnswer
Form NameMn Resale Form
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesmn resellers permit, mn resale license, minnesota form st 5, resale certificate mn

Form Preview Example

MINNESOTA Department of Revenue

Sales and use tax

 

 

 

 

Resale Exemption Certificate

ST-5

 

 

PURCHASER: Complete this certificate and give it to the seller. Incomplete certificates cannot be accepted in good faith.

SELLER: Keep this certificate as a part of your records.

Name of authorized purchaser

MN tax ID number (if no number, state reason)

Type

Name of purchaser's business

 

 

 

Check one:

 

 

 

 

 

 

 

 

 

 

 

Single purchase certificate

 

 

 

 

 

 

 

Business address

City

State

Zip code

 

 

 

 

 

or

 

 

 

 

 

 

 

Blanket certificate*

 

 

 

 

 

 

 

Print

 

 

 

 

 

 

 

Name of seller from whom you are purchasing, leasing or renting merchandise

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

* If blanket certificate Is checked, this

 

 

 

 

 

 

 

certificate continues in force until

 

Address

City

State

Zip code

 

 

 

canceled by the purchaser.

 

 

 

 

 

 

 

 

 

Purchase Information

Contractor- Sign here retailers only

To qualify for exemption, you must resell, lease or rent the merchandise purchased. If, while holding the merchandise for sale, lease or rental, you use the merchandise for any purpose other than retention, demonstration or display, you are required to report and pay the tax on the purchase price of the merchandise.

Give a brief description of the items you sell, lease or rent in your normal course of business.

Describe the merchandise purchased for resale.

Are you a contractor-retailer primarily engaged in retail sales?

 

Yes

 

No

By checking yes, you agree to the following statement:

 

 

 

 

I hereby certify that I am a contractor-retailer engaged in retail sales, construction, alteration, repair or Improvement of real property and that I am reporting and will pay my sales and use tax liability directly to the commissioner of Revenue.

I declare that the information on this certificate is correct and complete to the best of my knowledge and belief (PENALTY-if you try to evade paying sales tax by using an exemption certificate for merchandise that will be used for purposes other than those being claimed, you may be fined $100 under Minnesota law for each transaction for which the certificate is used.)

Signature of authorized purchaser

Title

Date

If you have questions, call the MN Department of Revenue at (612) 296-6181 or toll-free 1-800-657-3777.

TDD users: Contact the department through the MN Relay Service. Call (612) 297-5353 or 1-800-627-3529; ask for (612) 296-6181.

Stock No. 2100050 (Rev. 4/92)

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1. Start filling out the apply for resale certificate mn with a selection of major fields. Consider all the required information and be sure not a single thing missed!

minnesota form st 5 writing process described (portion 1)

2. Your next stage is usually to submit these particular blanks: Describe the merchandise purchased, e s a h c r u P, Are you a contractorretailer, Yes, By checking yes you agree to the, I hereby certify that I am a, I declare that the information on, Signature of authorized purchaser, Title, Date, If you have questions call the MN, y n o s r e, l i, a t e r, and r o t c a r t n o C.

Tips on how to prepare minnesota form st 5 stage 2

Be very careful while filling out l i and Title, since this is the section where a lot of people make a few mistakes.

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