CFR - Concrete Form Rental Corporation http://www.concreteformrentals.com Fri, 09 Jul 2010 15:26:27 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Penn DOT Changes DBE/MBE/WBE Goal Rouding http://www.concreteformrentals.com/2010/07/09/penn-dot-changes-dbembewbe-goal-rouding/ http://www.concreteformrentals.com/2010/07/09/penn-dot-changes-dbembewbe-goal-rouding/#comments Fri, 09 Jul 2010 15:26:27 +0000 smith.lisa http://www.concreteformrentals.com/2010/07/09/penn-dot-changes-dbembewbe-goal-rouding/ Effective with projects let after July 1, 2010 DBE/MBE/WBE goals must be met without the benefit of rounding. Past practices of rouding to the nearest whole number has been determined to be inconsistent with other areas where DBE/MBE/WBE are established adn is not defined in DSP-7 or the DSP-4.

Thank you APC for the notification of this information.

]]> http://www.concreteformrentals.com/2010/07/09/penn-dot-changes-dbembewbe-goal-rouding/feed/ 0 A lesson in tax exempt sales in PA http://www.concreteformrentals.com/2010/05/14/a-lesson-in-tax-exempt-sales-in-pa/ http://www.concreteformrentals.com/2010/05/14/a-lesson-in-tax-exempt-sales-in-pa/#comments Fri, 14 May 2010 16:36:03 +0000 smith.lisa http://www.concreteformrentals.com/2010/05/14/a-lesson-in-tax-exempt-sales-in-pa/ I learned a very valuable and costly lesson this week regarding tax exempt sales in the state of PA. I thought I’d share my “lesson”. My business rents and sells handset concrete forms and accessories to pour concrete projects such as house foundations, sidewalks, curbs, etc. These concrete projects can either be taxable or tax exempt depending on who you are doing the construction for. To take this a step further, only particular pieces of the tax exempt project may be tax exempt. It’s important to know which is which!
61 PA Code 31.12(a)(3) states:
A construction contractor shall pay tax upon all tools and equipment such as backhoes, cranes, saws, drills, motor vehicles, and the like, which are used but not transferred in conjunction with his construction activities. Effective March 4, 1971, a construction contractor performing contracts for public utilizes may no longer claim the exemption of the utility upon the purchase or rental of such items.
There is also a link to the PA Department of Revenue online Customer Service area that breaks it down into greater detail… http://bit.ly/cWIbDk Great info here.
This is my conclusion from my research. If you are renting equipment for the tax exempt entity (in our case, handset concrete forms or sidewalk/curb forms) it is not tax exempt. Also, if you are purchasing equipment for your company to complete this project, it is not tax exempt as the equipment will stay in your inventory. If you are purchasing equipment that will stay within the structure, affixed to the real estate or damage would be done to the items or its surroundings upon removal (in our case wall ties, foundation windows, etc.) that sale of equipment would be tax exempt.
Know the tax laws well and you’ll save yourself time and money!

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