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12/05/2017 10:51 9811hmullins|NEW HANOVER COUNTY LIVE |MONTHLY SUMMARY DISTRIBUTION REPORT|P 1 |arncdsrpGROUP TYPE: ABATEMENT/RELEASES CHARGE DESCRIPTION ___ ___ YEAR WM1 WM1LWM1 WM1LILM PP TAX ILM
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MSD PP tax, also known as Manufacturer’s Sales and Use Tax on the Purchase Price (MSD PP), is a tax imposed on manufacturers for sales and use of tangible personal property.
Manufacturers who sell tangible personal property are required to file MSD PP tax.
To fill out MSD PP tax, manufacturers need to report their sales of tangible personal property and calculate the tax owed based on the purchase price.
The purpose of MSD PP tax is to generate revenue for the government and regulate the sales of tangible personal property.
Manufacturers must report sales of tangible personal property, calculate the tax owed, and provide relevant documentation to support the filing.
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