Issue

A new law retroactively effective on 1/1/2024 eliminates utility study requirement to obtain a 50% sales tax exemption for restaurants that derive 75% of more of their revenue from the sale of prepared food.  Taxpayers can still file for a refund of sales taxes paid when employing the new methodology for obtaining utility exemptions.  Neff Tax can prepare and file all necesary documents to obtain both the exemption and the refund of past years' sales taxes for a percentage of the refund paid to the taxpayer.