The completion of a predominant use study in Texas is the most comprehensive investigation of where a company uses energy. In many situations, organizations that are in the manufacturing and processing industries qualify for sales tax exemptions for the purchase of those energy sources if they meet the state’s requirements. This study helps to determine whether or not that happens.
The Complexity of the Process
The predominant use study in Texas is a very thorough process. It requires a comprehensive study of all power draws. That includes all manufacturing and other equipment associated with the activities of the business. That includes everything from machinery to the refrigerator working in the employee lounge. It often takes a significant amount of time as well. The core concern is that if a small error occurs, the company may not receive the sales tax exemption.
How to Get Help
For those organizations who want to not only reduce sales tax paid out going forward but also potentially obtain a refund for the previous years, it is necessary to turn to a trusted and experienced company. These organizations can help to complete the predominant use study in Texas on your behalf, ensuring the entire process is thorough, transparent, and accurate. This helps to ensure the best possible opportunity for most organizations or receive this Texas utility sales tax exemption. If the study shows that more than 50 percent of that electricity or natural gas is qualified, it could mean significant savings. When looking for a predominant use study in Texas, look to Business Name. as they have a team you can rely on.
