The cost of energy, including electricity and natural gas, is significant for any type of production, manufacturing, or processing company operating in Wisconsin. Qualifying businesses in the state have the option to complete a predominant use study in Wisconsin and receive a percentage exemption from future utility taxes. It is also possible for the business to obtain a refund for past utility taxes paid.
Hire the Professionals
Hiring an outside company to complete a predominant use study in Wisconsin is the most efficient and effective way to complete the task. The study requires a complete review of the use of the utility at each meter. This includes documenting all devices, equipment, and appliances using power or natural gas from that meter and if the use qualifies as an exemption.
This is not a simple or easy task. Working with an experienced company to complete a predominant use study in Wisconsin is the most effective way to obtain the accurate data needed to comply with the state’s requirements.
What To Consider
When hiring a company to complete a predominant use study in Wisconsin, consider the following factors:
- Experience – what experience does the company bring to the project? Have they successfully helped businesses in the state to receive a utility tax exemption?
- Fees – different companies have different fees for completing the exemption. Ideally, choose a company working on a contingency basis. If you do not get an exemption, you do not owe the company.
Take the time to consider the potential providers, then choose the best company for the job.
B. Riley Financial can complete your predominant use study in Wisconsin on a contingency-fee-basis. To learn more about our experienced team, see us at brileyfin.com.
