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MTU Operating Procedures Manual

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Chapter 2. Accounting Services
Section 2.8. Accounts Receivable

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2.8.2. Sales and Use Taxes


Policy

Michigan Technological University, as an institution of the State of Michigan, is exempt from the payment of sales and use taxes on purchases of tangible property and applicable rentals. However, the University is liable for the collection and payment of the tax on sales and rental transactions to non-exempt individuals and organizations.

The University must include the sales tax as part of the selling price of tangible personal property it sells, but is not required to state the tax as a separate item to consumers.

History
Adopted: 11/13/2001

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