|Sales and Use Tax Disclosures / Notice Requirements by State for
Global Equipment Company Inc.
|Customers purchasing from Global Equipment Company Inc. ("Global Industrial") and shipping to Oklahoma, South Dakota, Colorado, or Kentucky
may have additional tax requirements.
|Oklahoma||Global Industrial is not required, and does not collect Oklahoma sales or use tax; The purchase is subject to Oklahoma use tax unless it is specifically exempt from taxation; The purchase is not exempt merely because it is made over the Internet, by catalog, or by other remote means; The State of Oklahoma requires Oklahoma purchasers to report all purchases that were not taxed and pay tax on those purchases. The tax may be reported and paid on the Oklahoma individual income tax return [Form 511] or by filing a consumer use tax return. [Form 21-1]; The referenced forms and corresponding instructions are available on the Oklahoma Tax Commission website, www.tax.ok.gov.|
|South Dakota||Reseller is not required to and does not collect South Dakota sales or use tax. The purchase is subject to state use tax unless specifically exempt from taxation. The purchase is not exempt merely because the purchase is made over the Internet, by catalog, or by other means. The state requires each South Dakota purchaser to report any purchase that was not taxed and pay tax on the purchase, and the tax must be reported and paid on the South Dakota use tax form. The use tax form and corresponding instructions are available on the South Dakota Department of Revenue and Regulation website.|
|Colorado||Colorado HB 1193, enacted in February 2010, requires online retailers to provide a detailed purchase report to customers with more than $500 of annual Colorado purchases by January 31 and to provide a summary purchase report with the total amount of each customer's annual Colorado purchases to the Colorado Department of Revenue by March 31. This law is currently the subject of a legal challenge brought by the Direct Marketing Association and others. In the meantime, the U.S. District Court has suspended enactment of the law while the legal challenge proceeds.|
|Kentucky||Global Industrial is not required to and does not collect Kentucky sales or use tax. The purchase may be subject to Kentucky use tax unless the purchase is exempt from taxation in Kentucky. The purchase is not exempt merely because it is made over the Internet, by catalog, or by other remote means. The Commonwealth of Kentucky requires Kentucky purchasers to report all purchases of tangible personal property or digital property that are not taxed by the retailer and pay use tax on those purchases unless exempt under Kentucky law. The tax may be reported and paid on the Kentucky individual income tax return or by filing a consumer use tax return with the Kentucky Department of Revenue. These forms and corresponding instructions may be found on the Kentucky Department of Revenue's Internet Web site.|