Chadds Ford, Pennsylvania, USA, June 1st, 2012 – Bridgestone Associates, Ltd (www.brdgstn.com) recently announced completion of two separate sales tax exemption energy studies for manufacturing clients in Pennsylvania. The two clients, a 250,000 sq. ft. commercial bakery and a 110,000 sq. ft. commercial printer have used the results of these studies to file exemption certificates (Revenue Form 1220) with the Commonwealth of Pennsylvania Department of Revenue to claim exemption from Sales and Use Taxes on the energy used directly in their manufacturing processes. As a result of these studies, the commercial bakery client will save over $85,000 each year and the commercial printer over $14,000 each year in Sales and Use Taxes they would otherwise have paid on their energy use.
“We have performed a number of these studies in the past as part of other energy audits and efficiency studies and are often surprised that some manufacturers don’t take full advantage of these savings,” said Martin Anderson, President or Bridgestone Associates, Ltd. “This is a straightforward way for manufacturers in Pennsylvania and other states with similar rules to reduce their energy costs by reducing the taxes they pay on their energy supplies” continued Mr. Anderson. “For companies with new facilities or where new manufacturing equipment has been added, it is especially important to complete a new Sales and Use Tax Exemption Certificate or revise an existing one. This is often overlooked.”
About Bridgestone Associates, Ltd.
Bridgestone Associates, Ltd. is a Chadds Ford, Pennsylvania, USA based energy consulting and development company focused on the evaluation, development, financing, design, construction and operations of energy production facilities, and on the use and utilization of energy. The company provides these services to developers and owners of power generating and other energy related projects worldwide, as well as commercial and industrial energy users.