St125 2018-2025 Form

What is the St 125 Form

The St 125 form, also known as the NYS Farmers Tax Exempt Form, is a document utilized by farmers in New York State to claim exemption from sales tax on certain purchases related to agricultural production. This form is essential for farmers who wish to obtain tax relief on items such as equipment, supplies, and other materials necessary for their farming operations. By completing the St 125 form, eligible farmers can ensure that they are not charged sales tax on qualifying purchases, thereby reducing their overall operational costs.

How to use the St 125 Form

Using the St 125 form involves a straightforward process. Farmers must first determine their eligibility for tax exemption based on their agricultural activities. Once eligibility is confirmed, the form can be filled out with the necessary information, including the farmer's name, address, and details about the purchases for which the exemption is being claimed. After completing the form, it should be presented to the vendor at the time of purchase to avoid sales tax charges. It is important to keep a copy of the completed form for record-keeping purposes.

Steps to complete the St 125 Form

Completing the St 125 form requires careful attention to detail. Follow these steps to ensure accuracy:

• Gather necessary information, including your farm's identification details and the specific items for which you are claiming exemption.
• Fill in your name, address, and any relevant identification numbers on the form.
• Clearly list the items being purchased and their intended use in agricultural production.
• Review the completed form for accuracy before submission.
• Provide the form to the vendor when making a purchase to claim the tax exemption.

Legal use of the St 125 Form

The St 125 form is legally recognized under New York State tax law, allowing farmers to claim exemptions from sales tax on qualifying purchases. To ensure compliance, it is crucial that the form is used correctly and only for eligible items related to agricultural production. Misuse of the form or claiming exemptions for ineligible purchases can lead to penalties or legal repercussions. Farmers should familiarize themselves with the specific regulations governing the use of the St 125 form to maintain compliance with state laws.

Key elements of the St 125 Form

Several key elements are essential for the St 125 form to be valid and effective:

• Farmer's Information: Accurate identification of the farmer, including name and address.
• Purchase Details: A clear description of the items being purchased and their intended agricultural use.
• Signature: The farmer's signature certifying that the information provided is true and that the items will be used for exempt purposes.
• Vendor Information: Details of the vendor to whom the form is presented, ensuring proper documentation of the transaction.

Who Issues the St 125 Form

The St 125 form is issued by the New York State Department of Taxation and Finance. This state agency oversees the administration of tax laws and regulations, including those related to sales tax exemptions for agricultural purchases. Farmers can obtain the form directly from the department's website or through authorized tax professionals. It is important to use the most current version of the form to ensure compliance with any updates to tax regulations.