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This document certifies the purchase of a racehorse and provides exemption from certain taxes. Essential for owners in structured horse racing events.
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What is exemption certificate st-126?
The exemption certificate ST-126 is a form used in various jurisdictions in the United States to claim exemption from sales tax for specific purchases related to eligible activities or organizations.
Who is required to file exemption certificate st-126?
Generally, tax-exempt organizations, such as non-profits or government entities, and certain businesses that qualify for sales tax exemptions are required to file the ST-126.
How to fill out exemption certificate st-126?
To fill out the ST-126, provide the required information such as the name of the purchaser, the address, the type of exempt use, and a signature certifying the accuracy of the information.
What is the purpose of exemption certificate st-126?
The purpose of the ST-126 is to allow qualified purchasers to exempt certain transactions from sales tax to promote compliance with tax laws and encourage specific activities that benefit the community or economy.
What information must be reported on exemption certificate st-126?
The ST-126 must include the purchaser's name and address, the nature of the exemption, the type of goods or services being purchased, and a signature from an authorized person.
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