Yahhhn, just give the state tax auditors you story, I'm sure they will agree with your assessment.So the state auditors are going to be telling businesses that they aren't profitable enough to get the exemptions?
State sales tax administators on audit review of the disposition of items purchased under business certification may have abit to say, depending on what you actually do with said products.I'm running a business with the products.
So the state auditors are going to be telling businesses that they aren't profitable enough to get the exemptions?
Could be, especially if it smells and looks like a hobby or scam for personal use.
I'm running a business with the products.
And no profits or sales to show for it.
Sorry, if it looks like a hobby, smells like a hobby hmmm, could be a hobby not qualifying a business use exemption, especially in a business that doesn't generate a cut for the state, you know no sales, no tax collection and no profit either. Sure doesn't look like much of a business does it.
I would suggest finding a better hobby.