New California Partial Sales Tax Exemption for Manufacturing Equipment Monrovia, CA – Miyachi America Corporation, a leading manufacturer of welding, marking and micro machining equipment and systems, would like to remind customers that the Manufacturing and Research & Development Equipment Exemption went into effect on July 1, 2014. This tax exemption makes equipment acquired for use in manufacturing or research and development partially exempt from California’s sales and use tax. Eligible goods include machinery and equipment, as well as equipment or devices used to operate, control, regulate or maintain the machinery. Under the exemption, a business will be allowed to exclude the first $200 million of equipment purchases from the state share of sales tax (4.1875 percent) beginning July 1, 2014. The sales tax exemption will be available statewide until June 30, 2022 To qualify for the tax exemption, a company must be primarily engaged in certain industries, including all forms of manufacturing, research and development in biotechnology, and research and development in the physical, engineering, and life sciences. In the prior financial year, the person or entity must either derive 50 percent or more of gross revenue from, or expend 50 percent or more of operating expenses in, a qualifying line of business. Contact your local Miyachi Sales rep today to take advantage of these savings! About Amada Miyachi America Since 1948, Amada Miyachi America, Inc. has worked to achieve one goal: to solve customer’s manufacturing challenges. Knowing there is no one solution that fits all, the company strives to provide customers with innovative and reliable manufacturing technology solutions in an effort to be their single source provider. Amada Miyachi America manufactures equipment and systems for resistance welding, laser welding, laser marking, laser cutting, hermetic sealing and hot bar reflow soldering and bonding. The company serves a wide range of markets including medical devices, battery, aerospace, automotive and electronic components. Amada Miyachi America is an ISO9001 certified company. Contact Amada Miyachi America at info@amadamiyachi.com. Learn more about the company’s products and services at www.amadamiyachi.com.
