Exemption Certificate
An Exemption Certificate is a document that allows individuals or organizations to be exempt from certain taxes or regulations. This certificate is often used in transactions involving sales tax, where the buyer claims they are not required to pay tax on a purchase due to their specific status, such as being a non-profit organization or a government entity.
To obtain an exemption certificate, the applicant typically needs to provide proof of their eligibility, which may include documentation related to their tax status or business type. Once issued, the certificate must be presented to sellers to validate the tax exemption during purchases.