Partial exemption question

  • Creator
    Topic
  • July 18, 2014 at 11:18 pm #187068
    Magicalalpha
    Member

    When an exemption certificate read

    This is a partial exemption from sales and use tax at the rate of 5.5% effective xyz date.

    Does it means their taxable rate is 5.5% or The taxable rate minus 5.5%?

    Thanks!

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