View Changes And Revision History Of Legal Nebraska Contractors Forms For Free

Option 1: By electing Option 1, the contractor is choosing to retain a tax-free inventory of materials for construction purposes. In other words, the contractor is exempt from paying sales tax when purchasing materials and instead will collect sales tax on the materials used when invoicing its clients.

The Nebraska Contractor Registration Act requires contractors and subcontractors doing business in Nebraska to register with the Nebraska Department of Labor. While the registration is a requirement, it does not ensure quality of work or protect against fraud.

Nebraska Sales Tax Exemptions SaleDocumentation Required (in addition to the normal books and records of the retailer)Food for human consumptionNoneMeals provided by hospitals or other institutions to patients or inmatesNoneMeals provided to students and campersNoneSchools and school-related organizationsNone4 more rows

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.

A Form 6 is the Nebraska Sales Tax and Use Form. If you purchase something from a Licensed Nebraska Dealer they are required by the State to provide you with this form so that you can register your vehicle in whatever county you reside.

017.06D(1) Option 2 contractors are retailers for any sales of building materials or other property that is not annexed. Option 2 contractors must collect sales tax on the total amount charged unless the sale is otherwise exempt.