According to a recent article, "electric car maker Tesla Motors will receive $39 million in sales tax incentives, marking a new round of government subsidies for a company that has become adept at using them to grow the business."
"Under the program, qualified companies are excluded from paying sales and use taxes on certain equipment purchases for up to three years. Tesla applied for the most recent sales tax exclusion based on more than $463 million worth of expected purchases related to the expansion of its Model S and Model X".
Vertex Inc. helps automate sales and use tax compliance for small to medium-sized businesses. By enabling calculations and returns in a single, cloud-based solution, offering flexible service levels and featuring attractive pay-as-you-go pricing with no upfront fees, Vertex Inc. meets the sales and use tax automation needs of growing businesses.
Discover how our technology solutions and software can help you streamline tax, stay compliant, and grow your business.
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