Pol-Kentucky Sales and Use Tax Exemption on Purchases

policy kentucky sales use tax exemption purchases modified Fri May 01 2020 12:57:05 GMT-0400 (Eastern Daylight Time)

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University of Louisville

OFFICIAL
UNIVERSITY
ADMINISTRATIVE
POLICY

POLICY NAME

Kentucky Sales and Use Tax Exemption on Purchases

EFFECTIVE DATE

POLICY NUMBER

PUR – 26.00

POLICY APPLICABILITY

This policy applies to University Administrators, Faculty, and Staff.

POLICY STATEMENT

The Kentucky Sales and Use Tax exemption applies to sales made directly to the University.  The Sales and Use tax exemption does not apply to purchases of tangible personal property or services made for use solely in the University function.

REASON FOR POLICY

Universities are exempt from tax on purchases which are used within the educational function of the institutions.

RELATED INFORMATION

Upon request, the University's exemption number must be supplied to vendors to be retained in their records as evidence of non-taxable sales. Every invoice should show the University's exemption number. Use of the Sales Tax Exemption number for the benefit of an employee or other individual is punishable by fine and/or imprisonment.

Materials purchased by Vendors performing construction are NOT tax exempt.

FORMS/ONLINE PROCESSES
ADMINISTRATIVE AUTHORITY

Vice President for Finance and Chief Financial Officer

RESPONSIBLE UNIVERSITY DEPARTMENT/DIVISION

Sally Molsberger – Director, Procurement Services
Service Complex, University of Louisville
Louisville, KY 40292
502-852-8224
purchase@louisville.edu 

HISTORY

Original Date: Unknown
Revision Date(s):
Reviewed Date(s):  2/14/2020

The University Policy and Procedure Library is updated regularly. In order to ensure a printed copy of this document is current, please access it online at http://louisville.edu/policies.