New York Form ST-125

What Is New York State St 125 Form

New York State St 125 form, otherwise known as the farmer's and Commercial Horse Boarding Operator's Exemption Certificate, is a document that allows specific individuals and business entities to make tax-exempt purchases. This specifically applies to those in the agricultural sector, like farmers and commercial horse boarding operators in New York State. New York State Tax law provides such exemptions to encourage farming and similar activities, helping them thrive.

For instance, if a farmer in New York plans to buy a new tractor for her field operations, she can use the ST-125 form. She can help avoid paying sales tax for this major purchase using this form, significantly reducing the overall cost.

Requirements for New York Tax Exempt Form St 125

• Be a certified farmer or commercial horse boarding operator in New York.
• Provide documentation proving that the business is involved in farming or commercial horse boarding.
• The purchased product or service should be directly related to farming or horse boarding operations.
• The purchaser should be listed as the operator in their business’s exemption certificate.

For example, if a Commercial horse boarding operator wants to use this tax exemption, he would need documents proving his business's involvement in commercial horse boarding and that the purchased service or product, such as horse feed or barn equipment, is directly related to his operations.

How to Fill Out New York State Tax Form St 125

Seller and Purchaser Information:

Enter the name of the seller and purchaser in the respective fields. Provide the address details for both parties, including number and street, city, town, or village, state, and ZIP code.

Certificate of Authority Number:

If you are a commercial horse boarding operator, provide your Certificate of Authority number.

Certificate Type:

Choose between a single-purchase certificate and a blanket certificate.

Exemption Details:

Under the section starting with "I certify that the purchase(s) is (are) exempt...", mark an 'X' in any applicable boxes to specify the type of exemption you are claiming. These include:

• A: Tangible personal property used in farming or a commercial horse boarding operation.
• B: Service related to installing, repairing, maintaining, or servicing exempt tangible personal property.
• C: Service related to repairing, maintaining, or servicing buildings or real property.
• D: Motor vehicle usage.
• E: Use of gas, electricity, refrigeration, steam, or related services.

Signature and Date:

The purchaser or the purchaser’s representative should sign the form, providing their title and relationship to the purchaser. Date the form on the day of signing.

When To File New York Form St 125

The filing timing for the New York form St 125 is quite flexible. The form should be filled out and provided promptly when a qualifying purchase is made. Remembering that the purchaser must ensure the form is completed and submitted accurately is critical.

For example, if you're a farmer, you'd want to fill out form ST-125 as soon as you decide to purchase a new crop irrigation system. Remember, having the form ready at purchase will enable you to acquire without paying any sales tax.