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Last Updated: 4/25/2016

Capital Equipment and Industrial Production Course

This course is for businesses located in Minnesota that make products intended to be sold ultimately at retail. It is designed for business owners, bookkeepers, purchasing agents, and accountants who need a working knowledge of how sales and use taxes in Minnesota relate to product makers and the manufacturing process.

The primary focus is to give participants a better understanding of what items may (or may not) qualify for the Industrial Production and Capital Equipment exemptions. Though we’ll cover some basics about Sales and Use Tax, this course is not meant as an introduction to the topic. 

Course Objectives

After completing this class you will:

  • Recognize when you owe sales or use taxes

  • Identify what qualifies as “capital equipment”

  • Recognize the differences between the capital equipment and industrial production exemptions

  • Distinguish how the use of goods determines if an item qualifies for one of these exemptions

  • Identify the types of refunds and exemptions available to businesses engaged in industrial production

Continuing Professional Education

After completing this class you may be able to receive up to 3.5 Continuing Professional Education (CPE) credits in the Taxes field of study. The classes are presented using the Group-Live delivery method. This is a Basic level class. Prerequisites and advance preparation are not required for this class.

The Minnesota Department of Revenue is registered with the National Association State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. View details about our CPE courses and NASBA.

Instructors

Amber Hubbard, Colleen Kelly, Jared Glass, Jay Suen, Posy Stingle, Stacey Rohweder , Sue Walz, and Tiffany Alden

View Instructor Bios

Registration

You must register in advance for these classes. All classes are free. You will get an email confirmation when your registration has been processed. We may cancel a class if there aren't enough registered participants; if that happens, we'll notify you five days before the class.

We offer classes at the locations listed below. Most classes are offered from 9:00 a.m. - 12:30 p.m. although we also offer afternoon classes in some out-state locations. To register for a class, click on the location you would like to attend. We post additional classes periodically. Please check this page occasionally for additional dates and/or locations if current availability does not meet your needs.

All sites are handicap accessible. Reasonable accommodations are available for anyone with impaired vision or hearing. Please let us know of any necessary accommodations during your registration.