We often receive questions from construction contractors regarding the taxability of various expenditures and how tax is collected and paid on building materials and fixtures. To help provide clarification and guidance on these items, the Nebraska Department of Revenue has created a tax fact sheet specifically for construction contractors. The two-page fact sheet include a taxability checklist as well as construction contractor options at-a-glance. If you are a construction contractor, we encourage you to take a moment to review the fact sheet and bookmark it for ongoing reference.
As always, HBE is here to help. If you need additional assistance, please contact our office and ask to speak with a member of our Construction Industry Specialty Team.