| In Maryland what is a sale and use tax license for?

In Maryland what is a sale and use tax license for?

deserae007 asked:


I am looking to start a sole proprietor jewelry business (yeah I already know about liability and what not…its cheaper than an llc). I am a student so I need it to be as simple and cheap as possible.

Okay, what I am trying to do is buy jewelry wholesale and sell it retail. I am looking to buy from online wholsalers which require a STATE RESALE TAX NUMBER:

1. Is this the same as a SALES AND USE TAX LICENSE?
2. If this is not the same as a S&UT License then do I have to apply for a TRADERS LICENSE?
3. By applying for the licenses do I have to pay the $300 personal property return filing fee? ( a bunch of bs if you ask me)

I am trying to cut cost wherever possible and I am really not trying to pay $300 for useless filing fees. This will be a homebased business…possibly internet esclusive. All I want is to be able to buy wholesale but I must have the right license please let me know which one.
I need experienced resellers in maryland to answer this question please. Thanx!!

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One Response to “In Maryland what is a sale and use tax license for?”

  1. Dr. Deth on April 23rd, 2009 2:28 am

    in a retail biz like yours, you have to charge your customers sales tax and then file monthly or quarterly sales tax returns and send that money to the state - it’s not yours, you’re just collecting it for the state. The sales tax license tells wholesalers you are buying their materials for use in products that you will create and resell so you don’t have to pay them sales tax. The state will get the tax when you sell your goods