Nebraska requires businesses to complete a Nebraska Resale or Exempt Sale Certificate in order to avoid paying sales tax on purchases purchased for resale or that are otherwise exempt from paying sales tax. This certificate serves as evidence that the company is exempt from having to pay sales tax on the relevant transaction. This document provides instructions on how to accurately complete the Nebraska Resale or Exempt Sale Certificate.
First, be sure to fill out the fields at the top of the form with your company’s name and address. Next, state the justification for your claim of exemption. This might be the case if the purchase is made with the intention of reselling it or if it is exempt for another reason, like a special exemption provided by Nebraska law. If you are requesting an exemption for a specific justification, be sure to include the law number or other relevant legal reference.
Your Nebraska sales tax permit number must also be provided. When you register for a sales tax permit with the Nebraska Department of Revenue, a special number is granted to your company. Before completing the Nebraska Resale or Exempt Sale Certificate, you must submit an application for a sales tax permit if you do not already have one.
Last but not least, remember to sign and date the form. You must additionally provide the signer’s name, title, and affiliation with the company (e.g., owner, manager, etc.) in addition to their signature. Just remember that lying on the Nebraska Resale or Exempt Sale Certificate could get you in trouble and cost you money.
In Nebraska, are groceries subject to sales tax? In Nebraska, yes, groceries are subject to sales tax. However, some supermarket goods, including infant food, over-the-counter medications, and dietary supplements, could not be subject to sales tax.
How is sales tax calculated? You’ll need to know the purchase price of the item in question as well as the applicable sales tax rate in order to calculate the applicable sales tax. To calculate the total amount of sales tax due, multiply the purchase price by the sales tax rate (as a decimal).
A Form 13 is what? The Nebraska Sales/Use Tax and Tire Fee Statement, or Form 13, is used to document the sales and use tax that organizations in Nebraska have gathered. Depending on the amount of sales tax collected, this form is filed monthly, quarterly, or annually.
The current sales tax rate in Lincoln, Nebraska, is not mentioned in the article “Filling Out a Nebraska Resale or Exempt Sales Certificate: A Guide”. But as of September 2021, Lincoln, Nebraska’s sales tax rate is 7.25%.