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Option 2 contractors must pay sales tax on all purchases of building materials and fixtures and maintain a tax-paid inventory. Option 2 contractors must remit consumer's use tax on all purchases of building materials and fixtures on which no Nebraska sales tax was paid.

Getting a Contractor License in Nebraska: What You Need to Know Information about your business (a Federal ID Number, the business type, and a DBA). Details about officers, members, and subcontractors, including their phone numbers. Proof of having workers' compensation insurance if you have more than one employee.

If the new building is built by an Option 1 contractor, sales tax will only be collected on the total amount charged for the annexed building materials, provided the labor charge is separately stated. If not separately stated, then the entire amount charged by the Option 1 contractor is taxable.

017.05 OPTION 1-TO BE TREATED AS A RETAILER WITH A TAX-FREE INVENTORY 017.05A Option 1 contractors are retailers of building materials that become annexed. All Option 1 contractors must have a Nebraska Sales Tax Permit.

All businesses (Corporation, S-Corporation, Trust, LLC, Partnership & Sole Proprietorships) earning more than $5,000 annually who are performing construction work or arranging for construction work in Nebraska must be registered. Annual registration fee is $25.

Option 3 contractors are consumers of all manufacturing machinery and equipment purchased and annexed by them. Option 3 contractors must pay tax on purchases of machinery and equipment even if the machinery and equipment will be used by a manufacturer.