Form St-L-137cf - Commercial Fishing Or Commercial Aquaculture Application Form (Page 3 of 3) in pdf

GENERAL REQUIREMENTS AND RESTRICTIONS

EXEMPTION CERTIFICATES

REQUIREMENTS

Applicant must be engaged in commercial fishing or commercial aquaculture. A copy of the most recent

applicable tax return and related schedules shall serve as the basis for evaluating if the purchaser is in fact engaged

in such activities.

The exemption certificate can only be issued when the above information is available, first year applicants

shall not be issued an exemption certificate until such time that the appropriate schedules can be produced. Dual

purpose fishermen/aquaculturists, meaning those who are engaged in multiple activities using similar machinery and

equipment, who are not primarily (more than 50% of the time) engaged in commercial fishing or commercial

aquaculture, shall not be issued exemption certificates.

Those qualifying for commercial fishing or commercial aquaculture activities, but not qualifying for an exemption

card are eligible for a sales tax refund for any sales tax paid on any qualifying depreciable machinery, electricity and

equipment. The depreciable machinery and equipment, (1) must be used directly in commercial fishing or

commercial aquaculture, (2) must be used primarily in commercial fishing or commercial aquaculture, and (3) must

be depreciable for federal income tax purposes.

A refund application is available by contacting Maine Revenue Services or can be obtained from our web site at:

RESTRICTIONS

The exemption certificate may be used to purchase depreciable machinery and equipment, including repair

parts for such machinery and equipment, used directly and primarily in commercial fishing and commercial

aquaculture, exempt from tax.

The exemption certificate CAN NOT be used for the purchase of motor vehicles (including trailers, all

terrain vehicles and snowmobiles) and attachments or accessories to motor vehicles, materials incorporated into real

property such as lumber and building supplies, consumable items, machinery and equipment not 100% depreciable

for Federal Income Tax purposes and for items not commonly used in commercial fishing or commercial

aquaculture.

For a more complete listing of items that do or do not meet qualification requirements, please see

Instructional Bulletins 44, 49 and Rule 323.

These publications are available by contacting Maine Revenue Services or it can be obtained from our web site at:

and

ADDITIONAL INFORMATION

Requests for more information on specific situations should be in writing, contain full details as to the

situation in question and should be directed to:

Maine Revenue Services

Sales Tax Division

P. O. Box 1065

Augusta, Maine 04332-1065

ST-L-137CF (Rev. 03/2010)

Phone: (207) 624-9693

E-mail: sales.tax@maine.gov

Fax: (207) 287-6628

TTY 888-577-6690

Form St-L-137cf - Commercial Fishing Or Commercial Aquaculture Application Form Page 3