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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.

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Option 1 contractors must remit use tax on all parts and materials purchased or withdrawn from inventory and used to repair the building or replace or repair the fixtures that are covered by the warranty or service agreement.

How do I create an Independent Contractor Agreement? State the location. ... Describe the type of service required. ... Provide the contractor's and client's details. ... Outline compensation details. ... State the agreement's terms. ... Include any additional clauses. ... State the signing details.

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.

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.