Sales Tax Exemption Policy

EFFECTIVE DATE: July 22, 1992 |LAST UPDATED: March 30, 2017 | Policy Section: buying-paying

Responsible Executive

Carolyn Ainslie, vice president for finance and treasurer

Responsible Office

Purchasing

Contact

Jason Knoch, executive director of financial services and strategic initiatives, (609) 258-9181

I. Policy StatementBACK TO TOP

Princeton University is recognized as a non-profit, educational 501(c)(3) institution, and as such is exempt from sales tax on most purchases. Sales tax is a substantial expense for the University, and all efforts should be made to obtain appropriate tax exemptions and to avoid incurring sales tax.

II. Who is Affected by this PolicyBACK TO TOP

Anyone purchasing goods or services on behalf of the University.

III. Definitions

Tax Exempt

Not taxable

IV. PolicyBACK TO TOP

Princeton University is recognized as a non-profit, educational 501(c)(3) institution, and as such is exempt from sales tax on most purchases. All subcontracts and purchase orders for the purchase of materials, supplies, and services subject to New Jersey State sales tax should cite the exemption number 21-0634501.

The University also maintains tax exempt status for the following states and cities. (Please click here for a listing by state.) If a particular state is not on the list, the University is not exempt in that location. These exemptions are to be used for purchases of tangible property or taxable services on behalf of the University. These exemptions are not applicable for purchases by employees for items purchased for personal use or with personal funds.

V. Procedures BACK TO TOP

VI. Forms BACK TO TOP

VII. Contact Roles and Responsibilities BACK TO TOP

VIII. Update Log BACK TO TOP

2/25/11

No change to policy or substance; revised organization and language for web-based policy library.

7/22/92

Approved


 

CONTACT US

finance@princeton.edu
Tel (609) 258-3080
Fax (609) 258-0442

Princeton University
Office of Finance & Treasury
701 Carnegie Center
Princeton, NJ 08540

Google Map
Princeton Shuttle

FINANCIAL SERVICE CENTER

7 New South
Tel (609) 258-3080
Fax (609) 258-5040
Open Monday through Friday,
8:45 am — 5:00 pm

SERVICES INCLUDE

Customer service, cashiering,
check pick-up, financial system access

FINANCE NEWSLETTER

The General Ledger is your link to updates on people, policies, and other information related to financial transactions at the University.

Download Current Issue
Download Past Issues
Subscribe

WE WANT YOUR FEEDBACK!

How can we better serve you? Submit comments, questions, and ideas to our customer service department.

finance@princeton.edu