Sales Tax

Fri, 2012-06-22 14:26 -- univcomm

Sales Tax

Part 1: Anderson University is incorporated as a 501(c) (3) non-profit organization and is exempt from Indiana state sales tax.  (We are also exempt in Florida, Illinois and New York, for those who may need to make purchases occasionally in those states.)  Most purchases on behalf of the university should reflect this status and be net of sales tax. Tax exempt forms are available in the Business Office. The university will not reimburse individuals for payment of state sales tax.

Questions?  Please contact Whitney Jimenez at x4128 or see Business Office Guidelines for Operations, page 6.

Part 2: Any item purchased tax-exempt by Anderson University and in turn re-sold to individuals (students, employees, or others), must include sales tax, which is then to be submitted to the State of Indiana.  (This does not include departmental transfers.)  Examples would include, but are not limited to, office furniture being "retired" or equipment for student athletes.  (Reminder: Required class supplies and textbooks are to be sold through the university bookstore and should not be sold directly to students through departments or professors.)

Example:  Athletic shoes sold to student athletes      
$50.00 Sale price of shoes to student (deposit to budget-charged for original purchase by department)
3.50   7% Indiana sales tax  (deposit to 00010-2002)
$53.50     Total amount to be collected from student and deposited

Questions?  Please contact Whitney Jimenez at x4128 or see Business Office Guidelines for Operations, page 6.