Tax Compliance FAQs
What is the definition of a "stipend payment"?
A stipend payment from Southern Methodist University is a financial aid award for a currently enrolled Southern Methodist University student for which no work is required.
For which states does Southern Methodist University have sales tax exemption certificates?
Currently Southern Methodist University has exemption certificates for state sales tax in Florida, New Mexico, New York, Tennessee and Texas. These may be used for supply purchases for Southern Methodist University business.
Copies of the Certificates may be obtained from the Sales Tax Exemptions section.What is the rate of reimbursement for mileage?
Beginning on January 1, 2021, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
- 56 cents per mile driven for business use, down 1.5 cents from the rate for 2020,
- 16 cents per mile driven for medical, or moving purposes for qualified active duty members of the Armed Forces, down 1 cent from the rate for 2020, and
- 14 cents per mile driven in service of charitable organizations, the rate is set by statute and remains unchanged from 2020.