St 3 New Jersey Template

St 3 New Jersey Template

The ST-3 New Jersey form is a resale certificate that allows sellers to collect sales tax on taxable property or services, unless a fully completed exemption certificate is provided by the purchaser. This form ensures that the seller is not held liable for tax collection when the purchaser qualifies for an exemption. To proceed, fill out the ST-3 form by clicking the button below.

Table of Contents

The ST-3 form, commonly referred to as the New Jersey Resale Certificate, plays a critical role in the state's sales tax system. This form allows purchasers to buy taxable goods or services without paying sales tax, provided they are intended for resale or specific exempt uses. To utilize this certificate, the purchaser must complete it fully, including their New Jersey Taxpayer Registration Number, business type, and details about the items or services being purchased. The seller must retain this certificate for at least four years, ensuring compliance with tax regulations. The ST-3 form outlines several scenarios in which it can be used, such as purchasing items for resale in their current form or as components of a new product. However, it also delineates situations where the use of the form would be improper, such as when a business buys supplies for its own use rather than for resale. Understanding the proper use of the ST-3 form is essential for both buyers and sellers to navigate the complexities of sales tax obligations in New Jersey.

St 3 New Jersey Sample

ST-3

New Jersey Division of Taxation

(3-23)

Sales Tax

 

Resale Certificate

Check applicable box:

Single-Purchase Certificate

Blanket Certificate

The seller must collect Sales Tax on the sale of taxable property or services unless the purchaser gives them a fully completed exemption certificate.

Do not mail this form to the Division of Taxation.

Seller

Name

Address

Street

City

State

ZIP Code

Purchaser

New Jersey Taxpayer Identification Number

Name*

As registered with the New Jersey Division of Taxation

Address*

Street

City

State

ZIP Code

Type of Business*

The purchaser certifies that:

(1)They hold a valid Certificate of Authority to collect New Jersey Sales and Use Tax.

(2)They are principally engaged in the sale of (indicate nature of property or service sold):

(3)The property or services being purchased are described as follows:

(4)The property described above is being purchased for (check all boxes that apply):

Resale in its present form.

Resale as converted into or as a component part of a product by the purchaser.

Use in the performance of a taxable service on personal property and will become part of the property being serviced or will later be transferred to the purchaser of the service in conjunction with the performance of the service.

(5)The services described above are being purchased (check the box that applies):

By seller who will either collect tax or will resell services.

To be performed on personal property held for sale.

I, the undersigned purchaser, have read and complied with the instructions and rules promulgated pursuant to the New Jersey Sales and Use Tax Act with respect to the use of the resale certificate, and it is my belief that the seller named herein is not required to collect the Sales or Use Tax on the transaction or transactions covered by this certificate. The undersigned purchaser hereby swears under the penalties for perjury and false swearing that all of the information shown in this certificate is true.

Print Name

Authorized Signature*

(Owner, Partner, Corporate Officer)

Title

 

Date

*Required

This form may be reproduced

Form ST-3 Instructions

Completing the Certificate

To claim an exemption from Sales Tax on the purchase of taxable property or services, the purchaser must provide a fully completed exemption cer- tificate to the seller. Otherwise, the seller must collect the tax. The purchaser must provide the following information for the exemption certificate to be considered fully completed:

•• Name and address;

•• New Jersey taxpayer identification number;

•• Type of business;

•• Reason(s) for exemption;

•• Signature, if using a paper exemption certificate (including fax).

The seller’s name and address are not required for the exemption certificate to be considered fully completed.

Accepting the Certificate

A seller must be registered to accept an exemption certificate. The seller is relieved of liability for collecting Sales Tax on transaction(s) covered by the certificate as long as the certificate is fully completed and is received within 90 days of the date of sale. The seller is relieved of liability even if the pur- chaser improperly claimed the exemption, in which case the purchaser will be held liable for nonpayment of the tax.

Accepting the Certificate in an Audit Situation

If the seller either has not obtained an exemption certificate or has obtained an incomplete exemption certificate, the seller has at least 120 days after the Division’s request for substantiation of the claimed exemption to either:

1.Obtain a fully completed exemption certificate from the purchaser taken in good faith, which in an audit situation means the exemption:

•• Was statutorily available on the date of the transaction(s); and

•• Could apply to the property or service being purchased; and

•• Is reasonable for the purchaser’s type of business; or

2.Obtain other information establishing that the transaction(s) was not subject to tax.

If the seller obtains this information, the seller is relieved of any liability for the tax on the transaction unless it is discovered through the audit process that the seller had knowledge or had reason to know at the time the information was provided that the information relating to the exemption claimed was materially false or the seller otherwise knowingly participated in activity intended to purposefully evade the tax that is properly due on the transaction. The burden is on the Division to establish that the seller had knowledge or had reason to know at the time the information was provided that the informa- tion was materially false.

Blanket Certificates

A single exemption certificate may cover additional purchases of the same general type of property by the same purchaser with which the seller has a recurring business relationship. For purposes of this section, a recurring business relationship exists when a period of no more than 12 months elapses between sales transactions.

To use this form as a blanket certificate, check the applicable box at the top of the form. Each subsequent sales slip or purchase invoice based on the blanket certificate must be clearly marked with the purchaser’s name, address, and identification number.

Retention of Certificates

Certificates must be retained by the seller for four years from the date of the last sale covered by the certificate. Certificates must be in the physical possession of the seller and available for inspection. A seller that enters data elements from paper into an electronic format is not required to retain the paper exemption certificate.

Examples

Proper Use of Form ST-3

1.A retail appliance store owner issues a resale certificate when purchasing appliances from a supplier for resale.

2.A furniture manufacturer issues a resale certificate when purchasing lumber to be used in manufacturing furniture for sale.

3.A service station operator issues a resale certificate when purchasing auto parts to be used in repairing customers’ cars.

Improper Use of Form ST-3

In the examples below, the seller cannot accept a resale certificate and must collect Sales Tax.

1.A lumber dealer cannot accept a resale certificate from a tire dealer that is purchasing lumber for use in altering its premises.

2.A distributor cannot issue a resale certificate on purchases of cleaning supplies and other materials for its own office maintenance, even though it is in the business of distributing such supplies.

3.A retailer cannot issue a resale certificate on purchases of office equipment for its own use, even though it is in the business of selling office equipment.

4.A supplier cannot accept a resale certificate from a service station that purchases tools and testing equipment for use in its business.

5.A contractor cannot issue Form ST-3 for purchases of materials and supplies. If the property being worked on belongs to a qualified exempt orga- nization, a qualified Urban Enterprise Zone business, or a qualified housing sponsor, see Contractor’s Exempt Purchase Certificate (Form ST-13) and Contractor’s Exempt Purchase Certificate - Urban Enterprise Zone (Form UZ-4).

For more information, see S&U-6, Sales Tax Exemption Administration, which is available at www.nj.gov/treasury/taxation/pdf/pubs/sales/su6.pdf

Document Attributes

Fact Name Details
Purpose of Form The ST-3 form is used by purchasers to certify that they are exempt from paying sales tax on certain transactions, provided they meet specific criteria.
Tax Exemption Requirement Sellers must collect sales tax unless the purchaser presents a fully completed New Jersey exemption certificate, like the ST-3.
Retention Period Sellers are required to keep the ST-3 certificates for at least four years from the date of the last sale covered by the certificate.
Governing Law This form is governed by the New Jersey Sales and Use Tax Act, which outlines the rules for tax exemptions and resale certificates.
Examples of Use Proper use includes a retailer buying items for resale, while improper use includes purchasing supplies for personal or business use.

St 3 New Jersey: Usage Instruction

Filling out the ST-3 New Jersey Resale Certificate is essential for ensuring that sales tax is handled correctly during transactions involving taxable property or services. This certificate allows the purchaser to claim an exemption from sales tax when buying items for resale. Follow these steps to complete the form accurately.

  1. Enter the date: Write the date you are completing the form at the top.
  2. Provide the seller's information: Fill in the name, address, city, state, and ZIP code of the seller.
  3. Enter your New Jersey Taxpayer Registration Number: This is your unique identifier for tax purposes.
  4. Describe your business: Indicate the nature of your business or the type of merchandise or services you sell.
  5. Detail the purchased items: Describe the merchandise or services you are purchasing.
  6. Check applicable boxes: Indicate how the purchased items will be used by checking the relevant boxes for resale or service performance.
  7. Provide service details: If applicable, check the box that applies to the services being purchased.
  8. Sign the form: The owner, partner, or corporate officer must sign the form and include their title.
  9. Include your business address: Fill in your address as registered with the New Jersey Division of Taxation.
  10. Keep a copy: Retain a copy of the completed form for your records and give the original to the seller.

Once the form is filled out and submitted to the seller, they will retain it for their records. This process ensures that the transaction is exempt from sales tax, provided all information is accurate and complete.

Frequently Asked Questions

  1. What is the purpose of the ST-3 form?

    The ST-3 form, also known as the Resale Certificate, is used in New Jersey to allow a purchaser to buy taxable property or services without paying sales tax at the time of purchase. The seller must collect the tax unless the purchaser provides a fully completed ST-3 form, indicating their eligibility for exemption.

  2. Who is required to complete the ST-3 form?

    The purchaser must complete the ST-3 form. They must provide their New Jersey Taxpayer Registration Number, business type, and details about the merchandise or services being purchased. The seller should retain this form for their records.

  3. What information must be included on the ST-3 form?

    The form requires several key pieces of information:

    • Purchaser’s name and address
    • Type of business
    • Reason for exemption
    • New Jersey tax identification number or, if not registered in New Jersey, a Federal employer identification number or out-of-state registration number
    • Signature of the purchaser

  4. How long must sellers retain the ST-3 form?

    Sellers must keep the ST-3 form for at least four years from the date of the last sale covered by the certificate. The form must be physically available for inspection during this time.

  5. What happens if a seller does not collect the sales tax and the ST-3 form is not properly completed?

    If a seller does not collect sales tax and does not have a properly completed ST-3 form, they may be held liable for the tax. However, if the seller obtains a fully completed exemption certificate within 120 days after a request for substantiation, they may be relieved of this liability.

  6. Can the ST-3 form be used for multiple purchases?

    Yes, the ST-3 form can cover additional purchases by the same purchaser of the same general type of property. Each subsequent invoice must still include the purchaser’s name, address, and registration number for verification.

  7. Are there examples of proper and improper use of the ST-3 form?

    Yes, here are examples:

    • Proper Use: A retail store owner uses the ST-3 form to purchase items for resale.
    • Improper Use: A retailer cannot use the ST-3 form to buy office equipment for their own use, even if they sell such equipment.

Common mistakes

Filling out the ST-3 New Jersey form can be straightforward, but many people make common mistakes that can lead to complications. One frequent error is failing to include the purchaser’s New Jersey Taxpayer Registration Number. This number is essential for the seller to validate the exemption. Without it, the exemption certificate may not be accepted, resulting in the seller needing to collect sales tax.

Another common mistake is not providing a complete description of the merchandise or services being purchased. The form requires specific details about what is being bought. Vague descriptions can lead to misunderstandings and may cause the seller to reject the exemption certificate.

People often neglect to check the appropriate boxes regarding how the merchandise will be used. The form includes several options, such as for resale or as a component part of a product. Failing to check the relevant boxes can create confusion about the intended use and invalidate the exemption.

Additionally, many purchasers overlook the need for a signature. The form requires the signature of the owner, partner, or corporate officer. Without this signature, the certificate is incomplete, and the seller may not accept it, leaving the purchaser liable for sales tax.

Another mistake involves not reading the instructions carefully. The ST-3 form includes detailed guidelines that are crucial for proper completion. Ignoring these instructions can lead to errors that could have been easily avoided.

Some individuals also mistakenly assume that the seller’s name and address are required on the form. However, this information is not necessary for the exemption certificate to be considered complete. This misunderstanding can lead to unnecessary delays in processing the form.

People sometimes fail to retain the certificate for the required period. Sellers must keep the exemption certificate for at least four years from the date of the last sale covered by it. Not adhering to this requirement can result in penalties during audits.

Lastly, many purchasers do not realize that the ST-3 certificate covers only specific types of purchases. Using the certificate for inappropriate purchases, such as office supplies for personal use, can lead to serious tax implications. Understanding the limits of the exemption is crucial for compliance.

Documents used along the form

When engaging in transactions that involve the New Jersey ST-3 Resale Certificate, several other forms and documents may be necessary to ensure compliance with tax regulations. Each document serves a unique purpose and helps facilitate the proper handling of sales tax exemptions. Below is a list of commonly used forms that may accompany the ST-3.

  • ST-4 Exempt Use Certificate: This form is used by purchasers who claim an exemption from sales tax on items that will be used in a specific manner, such as for manufacturing or research. It provides sellers with the necessary information to validate the exemption.
  • ST-5 Sales Tax Exempt Certificate: Organizations that are exempt from sales tax, such as certain nonprofits, use this certificate. It allows them to make tax-exempt purchases by providing sellers with proof of their exempt status.
  • ST-6 Direct Payment Certificate: This document is utilized by certain businesses that have a direct payment agreement with the state. It allows them to pay sales tax directly to the state rather than to the seller at the time of purchase.
  • ST-7 Resale Certificate for Sales Tax: Similar to the ST-3, this form is specifically for businesses that wish to purchase goods for resale. It must be completed by the purchaser and presented to the seller to avoid sales tax on the transaction.
  • ST-8 Certificate of Exempt Use: This certificate is issued to buyers who intend to use the purchased items in a manner that qualifies for an exemption. It provides sellers with assurance that the sale is exempt from sales tax.
  • ST-9 Sales Tax Resale Certificate for Out-of-State Purchasers: This form is designed for out-of-state purchasers who are buying goods for resale in New Jersey. It helps them claim exemption from sales tax in accordance with New Jersey law.

Understanding these forms and their purposes can streamline the process of handling sales tax exemptions in New Jersey. By using the correct documentation, both buyers and sellers can ensure compliance with tax regulations and avoid potential issues down the line.

Similar forms

The ST-3 New Jersey form, which serves as a resale certificate, shares similarities with several other documents related to sales tax exemptions. Here are four documents that are comparable:

  • ST-4 Exempt Use Certificate: This form is used by purchasers to claim exemption from sales tax for items that will be used in a manner that qualifies for exemption. Like the ST-3, it requires the purchaser to provide their tax identification number and details about the intended use of the items.
  • ST-5 Sales Tax Exempt Certificate: This document is issued to organizations that qualify for sales tax exemption, such as non-profits and government entities. Similar to the ST-3, it allows sellers to avoid collecting sales tax on qualifying purchases, provided the buyer presents a completed certificate.
  • ST-6 Direct Payment Certificate: This form allows certain purchasers to pay sales tax directly to the state rather than to the seller. It is similar to the ST-3 in that it requires the purchaser to provide their tax identification number and can relieve the seller from collecting sales tax on the transaction.
  • ST-8 Certificate of Exempt Use: This certificate is specifically for items purchased for use in manufacturing or processing. It is akin to the ST-3 in that it requires detailed information about the purchaser and the nature of the goods being purchased, ensuring proper tax treatment.

Dos and Don'ts

When filling out the ST-3 New Jersey form, it’s important to follow specific guidelines to ensure compliance and avoid issues. Here’s a list of what you should and shouldn’t do:

  • Do provide your New Jersey Taxpayer Registration Number accurately.
  • Do ensure that all required fields are completed, including your name, address, and type of business.
  • Do check the appropriate boxes indicating how the purchased items will be used.
  • Do sign the form to validate the information provided.
  • Don’t submit the form to the Division of Taxation; it should be given directly to the seller.
  • Don’t use the form for items not intended for resale or for personal use.

Misconceptions

Understanding the ST-3 New Jersey form can be challenging, and several misconceptions can lead to confusion. Here are six common misunderstandings about the ST-3 Resale Certificate:

  • The ST-3 form is only for certain types of businesses. Many believe that only specific industries can use the ST-3 form. In reality, any registered seller in New Jersey can utilize this form, provided they meet the necessary criteria for resale.
  • Purchasers do not need to provide any information. Some think that the form can be submitted without detailed information. However, the purchaser must complete various fields, including their New Jersey Taxpayer Registration Number and the nature of the merchandise or services being purchased.
  • The seller is always responsible for collecting sales tax. A common misconception is that sellers must collect sales tax on all transactions. If a purchaser provides a completed ST-3 form, the seller is relieved from this responsibility for those specific transactions.
  • Exemption certificates do not need to be retained. There is a belief that sellers can discard exemption certificates after use. In fact, sellers must keep these certificates for a minimum of four years to comply with state regulations.
  • All purchases by the same purchaser are automatically exempt. Some assume that one ST-3 form covers all future purchases. While the form can apply to additional purchases of the same type, each transaction must still include the purchaser's name, address, and registration number for verification.
  • Improper use of the form is inconsequential. Many think that using the ST-3 form incorrectly will not have repercussions. However, if a purchaser improperly claims an exemption, they may be held liable for any unpaid taxes, which can lead to significant financial penalties.

By clarifying these misconceptions, businesses can better navigate the use of the ST-3 form and ensure compliance with New Jersey tax laws.

Key takeaways

Here are some key takeaways about filling out and using the ST-3 New Jersey form:

  • The seller must collect sales tax unless the purchaser provides a fully completed exemption certificate.
  • The purchaser's New Jersey Taxpayer Registration Number is required on the form.
  • Sellers are relieved of tax liability if they accept a completed exemption certificate within 90 days of the sale.
  • Certificates must be retained by the seller for at least four years and be available for inspection.
  • Improper use of the resale certificate can result in tax liability for the purchaser, so it's important to ensure the certificate is used correctly.