Found an interesting billing error - pharma plant in New Jersey was classified under wrong SIC code by PSE&G. They're coded as 2834 (Pharmaceutical Preparations) but should be 2833 (Medicinal Chemicals). The rate difference is significant on their industrial schedule. Has anyone dealt with SIC code corrections before?
Pharmaceutical manufacturing SIC code errors
Tony, SIC codes can definitely impact rates, especially for manufacturing tax exemptions. The process varies by state but usually requires documentation of actual business operations. In New Jersey, you might need state approval first before PSE&G will change their records. What's the rate impact looking like?
Helen, the difference is about $8K/month in sales tax exemptions on electricity purchases. Plant produces active pharmaceutical ingredients, which clearly fits 2833 better than 2834. I'll check with NJ Division of Taxation first about getting the classification corrected.