Everyone pays taxes on their utility bills, but many companies could be eligible for tax reductions based on how they use electricity. However, it can be challenging to determine if you qualify and if so, how much you could save each month. With a predominant use study in Texas, you can get back some of the taxes you have already paid in the previous 48 months.
Complete Your Study
The first step in the process is to request a predominant use study in Texas. Once you find a company offering this study, they will track your energy usage and proportion it based on qualifying equipment. If you’re planning to request back taxes from the previous 48 months, you will need to supply copies of your utility bills to show your past expenses. Once you are approved for this type of tax relief, you may be eligible for a lump sum payment for the past taxes paid.
Reduce Your Costs
The primary reason to seek a predominant use study in Texas is to reduce your operating costs. The program covers specific equipment and usage, providing you with long-term tax relief on your future bills, along with refunds for past taxes paid before your study. It’s well worth it for all qualifying companies to request a study to ensure they are making the most of any tax breaks they can receive.
Resource Box: If you’re interested in getting a predominant use study in Texas, visit the Business Name website to learn more.
