What must be completed after the not authorized state tax exempt transaction?

Completing a tax-exempt form is an essential step after a transaction is identified as not authorized for state tax exemption. This form is used to document the customer's eligibility for tax exemption and to ensure compliance with state regulations. By filling out this form, you accurately record the details needed to verify that the customer qualifies for tax-exempt status on their purchase.

This step not only protects the company from potential legal issues regarding tax violations but also provides the customer with the necessary documentation to show their tax-exempt status for future purchases. It ensures that the transaction is aligned with the legal framework governing tax exemptions, maintaining the integrity and accuracy of financial transactions at Hobby Lobby.

In contrast, filing the form in the customer’s record, having the customer sign a new contract, or refunding the customer does not directly address the need to properly document the tax-exempt transaction. These actions may have their place in different scenarios but do not fulfill the immediate requirement related to managing tax exemption status.