Electricity and natural gas used in the production process by manufacturers in New York State are not subject to sales or use tax, which can add money to the bottom line. Sounds simple enough; but calculating the amount of exempt energy used in the production process can be complicated, requiring knowledge of New York State law as well as engineering. Our experts discuss how manufacturers can save money with a sales tax utility study and how to begin the process. Listen to our recorded webinar here.
Mark A. Ferm, CPA, partner with Tronconi Segarra & Associates LLP, has been selected…