Who needs the Contractor’s Exempt Purchase Certificate?
The Contractor’s Exempt Purchase Certificate is the Connecticut Department of Revenue Services form also labeled as CERT-141. The given Exempt Purchase Certificate is designed to be used by contractors hired to provide services of repairing, alteration, improvement or construction of real property when they need to buy materials and supplies to be used for a project performed under a contract with an exempt entity. In this case, all the purchased and materials and supplies placed or installed are to remain in the project on its completion as a tangible property. If the tangible personal property is not used as described, a contractor who claimed an exemption owes use tax on the total price of the tangible personal property.
An exempt entity is a person eligible to purchase tangible personal property exempt from sales and use taxes according to the provisions indicated in the instructions.
Is the CERT-141 Form accompanied by any other forms?
No, there is no need to supplement the filled out form CERT-141 by any additional documents. However, all the items purchased must be comprehensively described. If there isn’t enough space on the form to doso, additional sheets should be attached to the Contractor’s Exempt Purchase Certificate.
When is the CERT-141 due?
The Exempt Purchase Certificate does not have a defined deadline for submission, it should be filed when the situation requires. Yet, there is a period during which the form must be retained by the parties (the purchaser and the seller), it comprises at least six year after the date of its issue.
How to fill out the Contractor’s Exempt Purchase Certificate CERT-141?
The following information is required to complete the certificate form:
- The exempt entity’s details (name, legal address, Connecticut Tax Registration Number (or the proper explanation for its absence), FEIN;
- The project’s address;
- Type of exempt entity;
- The purchaser’s details (name, legal address, Connecticut Tax Registration Number (or the proper explanation for its absence), FEIN;
- The seller’s details (name, legal address, Connecticut Tax Registration Number (or the proper explanation for its absence), FEIN;
- A written description of all the purchased items;
- Whether its is a blanket or one-purchase certificate.
Finally, the CER-141 Form must be signed and dated by the purchaser.