Sales Tax Exemption Policy

EFFECTIVE DATE: July 22, 1992 |LAST UPDATED: October 1, 2018 | Policy Section: buying-paying

Responsible Executive

Vice President for Finance and Treasurer

Responsible Office

Procurement Services

Contact

Jason Knoch, assistant vice president for financial services, (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 goods and services subject to New Jersey State sales tax should cite the exemption number 21-0634501. Suppliers may also request a signed sales and use tax exemption certificate which can be found here if requested.

The University also maintains tax exempt status in several states, in addition to New Jersey, as identified on this map.These exemptions are to be used for purchases of tangible property or taxable services on behalf of the University. The University's exemptions are not applicable 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

10/1/18

Updated Executive Sponsor listing.

6/21/18

Minor update to language for clarity.

2/26/18

Minor update of responsible office from Purchasing to Procurement Services.

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

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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

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