Form CERT-129 Exemption for Items Used Directly in the Biotechnology Industry - Connecticut

What Is Form CERT-129?

This is a legal form that was released by the Connecticut Department of Revenue Services - a government authority operating within Connecticut. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is form CERT-129?
A: Form CERT-129 is an exemption form used in Connecticut for items used directly in the biotechnology industry.

Q: Who can use form CERT-129?
A: Companies or individuals involved in the biotechnology industry in Connecticut can use form CERT-129.

Q: What is the purpose of form CERT-129?
A: The purpose of form CERT-129 is to claim an exemption from sales and use tax for items used directly in the biotechnology industry.

Q: What qualifies as items used directly in the biotechnology industry?
A: Items such as machinery, equipment, and computer software used directly in the biotechnology industry may qualify for exemption.

Q: How do I apply for the exemption using form CERT-129?
A: You can apply for the exemption by completing form CERT-129 and submitting it to the Connecticut Department of Revenue Services.

Q: Are there any specific requirements or criteria for the exemption?
A: Yes, there are specific requirements and criteria for the exemption. You must meet certain criteria, such as being registered with the Department of Economic and Community Development as a biotechnology company.

Q: What are the benefits of using form CERT-129?
A: The main benefit of using form CERT-129 is the exemption from sales and use tax, which can result in cost savings for companies in the biotechnology industry.

Q: Can the exemption be claimed retroactively?
A: No, the exemption cannot be claimed retroactively. You must apply for the exemption before making the purchases.