No. The exemption as stated in the law is for 'new purchases' only. M&E Exemption must be requested and approved prior to purchase. The University does not retroactively allow purchases to qualify.
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The threshold for the M&E Tax Exemption is $200. We are not required under the RCW to use the UW's capitalization threshold of $5,000. The equipment:
- Must have a useful life of more than one year
- Must be directly used more than 50% of its useful life on qualifying research; and
- Must have an acquisition cost of more than $200
Note: Add costs to existing pieces of M&E qualifying equipment can also qualify for the exemption, even if they are under $200.
Yes, but the department will need to cancel the current purchase requisition and re-enter a new purchase requisition using the correct object code(s).
No. Due to compliance issues, M&E purchases cannot be purchased using the ProCard.