Our next auction will be November 25, 2024!
Powell Farms ONLINE ONLY Farm & Industrial Equipment Auction
WHERE:
Online: Level Auctions or Proxibid
WHEN:
November 25, 2024 @ 8:00 AM
DETAILS:
Online Buyer’s Premium: 5% Commission Rates
Commission Rate: 10%
Minimum per item: $20.00
Maximum per item: $500.00
No Sale Fee per item: $20.00
No Online Buy Backs! This is an Online Only Auction, by registering to bid on the internet you acknowledge that you have read and understand the terms and conditions of this auction and that you expressly agree to abide by all terms and conditions contained herein.
PAYMENT:
An invoice will be emailed confirming your bids after the auction has been completed. Payment is required within 3 business days from of the date of purchase.
The accepted forms of payment are Cash, Personal or Business Checks, Wire Transfer, Credit Card. Be advised of the 4% convenience fee applied to all credit card, debit card. Powell Farms INC reserves the right to charge the purchaser’s credit card on file an amount up to the full purchase price plus storage fees for items not paid for and pickup up in a timely manner.
TERMS:
All items sell as-is where-is with no warranties or guarantees by Powell Farms Inc. or it’s employees.
Pictures & descriptions are for use as a guide only.
Buyer is responsible for inspection of equipment to determine quality and value prior to bidding.
All sales are final and binding.
Kentucky sales tax of 6% will apply to all items.
Dealers will need to send a copy of the resale certificate to have sales tax removed prior to payment.
Farmers will need to execute a KENTUCKY agriculture exemption number to have sales tax removed prior to payment.
All out of state buyers must have a KENTUCKY agriculture exemption number to be tax exempt, effective January 1st 2023.
Not all items are exempt! Examples: Lawn & Garden, Equipment 5′ wide and under.
Please contact with any specific questions.
RECEIVING AND LOAD OUT:
Receiving equipment October 16th-November 6th by appointment only. No vehicles or tires. Load out Tuesday (26), Wednesday (27), Closed Thanksgiving, Black Friday (OPEN), Saturday (30) closed. Sunday – Pickup 12/2 Monday 12/6, Friday 8am-5pm. Buyer is responsible for all shipping logistics and costs. Items not picked up after 30 days after the auction, will incur a daily storage fee. Items not picked up 60 days after the auction will be considered abandoned and will be disposed of.
CONTACT:
Office (502) 465-0041 or powell.auctions@gmail.com
David Powell (502) 558-9491
Larry Ryan (502) 648-5177
95 Carmon Road, Campbellsburg, KY 40011
Special Terms: All items sell as-is where-is with no warranties or guarantees by Powell Farms Inc. or its employees. Pictures & descriptions are for use as a guide only. Buyer is responsible for inspection of equipment to determine quality and value prior to bidding. All sales are final and binding. Kentucky sales tax of 6% will apply to all items. Dealers will need to send a copy of the resale certificate to have sales tax removed prior to payment. Farmers will need to execute a KENTUCKY agriculture exemption number to have sales tax removed prior to payment. All out of state buyers must have a KENTUCKY agriculture exemption number to be tax exempt. Effective January 1st 2023. Not all items are exempt examples: Lawn & Garden, Equipment 5′ wide and under. Please contact with any specific questions Please make prior arrangements if equipment will not be picked up by Jun 3th Items not picked up after 30 days after the auction, will incur a daily storage fee. Items not picked up 60 days after the auction will be considered abandoned and will be disposed of. Please be advised all AGT payments will contain buyer home state tax, all in-house and wire payments will contain KY state tax (6%). Contact the auction house for an updated invoice.
Tax Exemption: A new Kentucky law requires that local and out of state farmers must apply for an KY Agriculture Exemption Number to make qualified purchases for the farm exempt from sales tax.
The Application for the Agriculture Exemption Number, Form 51A800, is available at www.revenue.ky.gov under Sales Tax forms. Completed applications should be submitted by email to DOR.Webresponsesalestax@ky.gov or mailed to DOR’s Division of Sales and Use Tax, Station 66, P.O. Box 181, Frankfort, KY 40602-0181.
