You've likely heard of the Fl 8F form, but do you know what it is and how it may affect your small business? Although this form isn't required for all businesses, those who want to issue shares to its shareholders must take the time to understand what an St 8F Form entails. Not doing so could mean facing big financial consequences down the line. In this blog post we'll go over what exactly a St 8F Form is and break down all the important details – from filing requirements to understanding accurately reporting your company's stakes.
| Question | Answer |
|---|---|
| Form Name | St 8F Form |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | st 8f, sc 8f form, south carolina agricultural exemption form, st 8f form |
1350
STATE OF SOUTH CAROLINA
DEPARTMENT OF REVENUE
AGRICULTURAL EXEMPTION CERTIFICATE
FOR SALES AND USE TAX
(Rev. 7/12/10)
5075
This exemption certificate may be presented upon each purchase by the holder or the retailer may keep on file a copy of the certificate. When an exempt sale is made pursuant to a certificate on file, the purchaser must note on the purchase invoice the exempt items and state the items are to be used for exempt purposes. When the purchase order meets the requirements of this section, the liability for any tax determined to be due is solely on the purchaser.
The undersigned hereby certifies that the purchases of tangible personal property made under this certificate are made in accordance with the exemption checked below: that in the event the property so purchased is used for purposes other than specified, the purchaser assumes full liability and must file a return and pay the tax due thereon.
Description of tangible personal property purchased
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SCHEDULE OF AGRICULTURAL EXEMPTIONS FOUND AT CHAPTER 36 OF TITLE 12 OF THE CODE OF LAWS OF SOUTH CAROLINA 1976, AS AMENDED
Check Applicable Exemption:
Feed used for the production and maintenance of poultry and livestock;
Insecticides, chemicals, fertilizers, soil conditioners, seeds or seedlings, or nursery stock, used solely in the production for sale of farm, dairy, grove, vineyard or garden products or in the cultivation of poultry or livestock feed;
Containers and labels used in:
(a)preparing agricultural, dairy, grove or garden products for sale; or
(b)preparing turpentine gum, gum spirits of turpentine and gum resin for sale. For purposes of this exemption, containers
mean boxes, crates, bags, bagging, ties, barrels, and other containers;
Fuel used in farm machinery and farm tractors;
Farm machinery and their replacement parts and attachments, used in planting, cultivating or harvesting farm crops, including bulk coolers (farm dairy tanks) used in the production and preservation of milk on dairy farms, and machines used in the production of poultry and poultry products on poultry farms, when such products are sold in the original state of production or preparation for sale. This exemption does not include automobiles or trucks;
Fuel used exclusively to cure agricultural products;
Natural and liquefied petroleum gas and electricity used exclusively in the production of poultry, livestock, swine and milk;
Electricity used to irrigate crops;
Building materials, supplies, fixtures and equipment for the construction, repair or improvement of or that become part of a
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