St 124 2026

See details

4.9 out of 5

55 votes

The document ST-124 is a Certificate of Capital Improvement issued by the New York State Department of Taxation and Finance. It outlines the process for customers and contractors to certify that certain construction work qualifies as a capital improvement, which is exempt from sales tax. The certificate must be completed and signed by both parties, retained by the contractor, and provided to subcontractors. It details the responsibilities of both customers and contractors regarding sales tax liabilities, conditions for capital improvements, and guidelines for maintaining records.

Here's how it works

01. Edit your new york exemption online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send nys capital improvement form via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out st 124 with our platform

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click ‘Get Form’ to open the ST-124 in the editor.
Begin by entering the 'Name of customer' and 'Name of contractor' in the designated fields. Ensure that all names are printed clearly.
Fill in the addresses for both the customer and contractor, including city, state, and ZIP code. Accuracy is crucial for proper documentation.
In the section labeled 'Describe capital improvement to be performed', provide a detailed description of the project along with its street address.
Mark an X to indicate whether you are the owner or tenant of the property. Also, confirm if your contract includes items that will not become a permanent part of the property.
Both customer and contractor must sign and date the form at their respective sections to validate it. Ensure all entries are complete before submission.

Start using our platform today to fill out your ST-124 form easily and for free!

See more st 124 versions

We've got more versions of the st 124 form. Select the right st 124 version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2015	4.9 Satisfied (55 Votes)
2012	4 Satisfied (23 Votes)
2006	4 Satisfied (43 Votes)
1997	4 Satisfied (25 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What qualifies as a capital improvement?

Depending on the state, these may include government entities, non-profits, and schools, to name a few. It is the buyers responsibility to provide their exemption certificates in order to not be charged sales tax, and sellers need to keep documentation of these exemptions on file.

Who qualifies for sales tax exemption in Arkansas?

Tax-exempt customers Some customers are exempt from paying sales tax under Arkansas law. Examples include government agencies, some nonprofit organizations, and merchants purchasing goods for resale. Sellers are required to collect a valid exemption or resale certificate from buyers to validate each exempt transaction.

What is the ST-124 tax exemption?

Form ST-124 is used to claim exemptions from sales tax for certain improvements. Heres what its used for: to document qualifying capital improvements. to provide proof for tax exemptions.

What is the exemption for home improvement in NY?

The home improvement project must be fully assessed before an exemption is granted. In the first year, 100% of the assessed value of the improvement/new construction is exempt. In the second year, 87.5%; in the third year 75%, and so on.

What is NYS Form ST-124?

If you are the customer and the work being performed will result in a capital improvement, fill out Form ST-124, Certificate of Capital Improvement, and give it to the contractor. You must give the contractor a properly completed form within 90 days after the service is rendered.

capital improvement form florida

st-124 instructions St 124 calculator st-120 st-124 form pdf st-125 st-124 example st-124 fillable form St 124 exemption

Security and compliance

At DocHub, your data security is our priority. We follow HIPAA, SOC2, GDPR, and other standards, so you can work on your documents with confidence.

Learn more

Are capital improvements exempt from sales tax in NY?

Sales tax on contracting work done on real property is not always collected. If the work done is a capital improvement, it is exempt from sales tax. However, installation, repair, and maintenance work incurs a sales tax.

What is the ST 124?

Form ST-124, Certificate of Capital Improvement, is important for property owners in New York. It helps them claim a sales tax exemption for certain improvements to real property, such as renovations or upgrades.