R 1042 Louisiana Certificate – Fill Out and Use This PDF

R 1042 Louisiana Certificate PDF Details

In the vibrant commerce landscape of Louisiana, the R-1042 Louisiana Certificate form plays a pivotal role for businesses engaged in purchasing goods for resale. This form, officially recognized as the Resale Certificate Sales Tax Exemption Certificate, is designed under the mandate of R.S. 47:301(10), enabling businesses to buy materials, goods, merchandise, and services without paying sales tax at the point of purchase. It specifically caters to those entities that intend to resell the purchased items as tangible personal property, either in their original form or as integral parts of new products. The form requires purchasers to provide detailed information such as the sales tax account number, business address, and a description of the business's activity. Furthermore, it embodies a commitment by the purchaser to adhere to the stipulated terms, asserting that the tax-exempt items will be sold in the normal course of business, and acknowledges the liability for sales tax in instances where the items are used rather than resold. A notable segment of the form is the purchaser’s declaration, underscoring the legal accountability and potential consequences for fraudulent claims of intent for resale, as outlined in Title 47 of the Louisiana Revised Statutes. This document not only facilitates tax-free procurement for resale purposes but also underscores the importance of compliance and the serious implications of misuse.