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When is a blanket certificate of resale used?

 
 
Answer #279 -- ( Published 09/14/2005 04:13 PM | Updated 08/08/2012 10:00 AM )

When is a blanket certificate of resale used?

Blanket certificates of resale are used in two instances:

  1. All purchases are for resale. 
  2. A specified percentage of purchases will be for resale.

In either instance, blanket certificates should be kept up-to-date. If a specified percentage changes, a new certificate is required. Otherwise, all certificates should be updated at least every three years.

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