Utility Sales Tax Consultants
Welcome to Utility Sales Tax Consultants (USTC), Founded in 2005! At USTC, We specialize in helping businesses identify and recover sales tax over payments on their electric, natural gas and other utility bills. USTC has become a leader in the tax services industry by recovering millions of dollars for clients that range in size from small firms to Fortune 500 companies.
USTC operates nationwide and provides sales tax consultancy to companies within a wide range of industries including agriculture, aircraft maintenance, and commercial printing, food service and restaurants, laundry service, manufacturing mining and drilling, non-profit, photo finishing, recycling, research and development, residential, rolling stock maintenance, ski resort etc.
Many states offer utility sales tax incentives to encourage companies to operate facilities in their state. The qualifications for these incentives vary from state to state. However, most states require an utility study to determine a particular meter's percentage of exempt usage. In states where predominant use is required, this is typically referred to as a "predominant use study". The utility study must be both accurate and comprehensive in order to minimize risk exposure.
Utility Sales Tax Consultants distinguishes itself from other firms by using only certified energy auditors to perform facility surveys and professional electrical engineers to certify the studies. By going the extra mile, USTC ensures the highest level of accuracy and the lowest level of risk exposure for its clients. If a facility meets the state’s requirements for the exemption, it may also qualify for a refund or credit of back taxes. The statute of limitations varies from 24 to 48 months, depending on the state. Specific procedures must be followed to ensure that all tax adjustments are issued in a timely manner.
USTC handles the entire process, from performing the utility study and securing the exemption and refund to interfacing with the utility company and state agencies. Keeping up-to-date with the ongoing changes in state legislation requires many hours of research. By using USTC, our clients are able to spend more time on their core business and less time on peripheral issues like energy tax law. For more about electricity tax exemption visit our website.