Common use of Sales and Use Taxes Clause in Contracts

Sales and Use Taxes. The Contractor must have a Nebraska Department of Revenue Form 16 (Nebraska Sales and Use Tax Election) on file with the State of Nebraska. If Contractor has selected Option 1 (Retailer), the Contractor will include the appropriate sales tax in all progress payment invoices and will pay all required sales tax due and owing to the department pursuant to this contract. If Contractor has selected Option 2 (Contractor Tax Paid Inventory) or Option 3 (Contractor Tax Free Inventory), the Contractor will not charge to LES sales tax on any items annexed to real estate or used to repair property annexed to real estate and sales tax on Contractor supplied materials, equipment, and labor for which LES is liable will be absorbed by the Contractor in the Contract price.

Sales and Use Taxes. The Contractor must have a Nebraska Department of Revenue Form 16 (Nebraska Sales and Use Tax Election) on file with the State of Nebraska. If Contractor has selected Option 1 (Retailer), the Contractor will include the appropriate sales tax in all progress payment invoices and will pay all required sales tax due and owing to the department pursuant to this contract. If Contractor has selected Option 2 (Contractor Tax Paid Inventory) or Option 3 (Contractor Tax Free Inventory), the Contractor will not charge to LES sales tax on any items annexed to real estate or used to repair property annexed to real estate and sales tax on Contractor supplied materials, equipment, and labor for which LES is liable will be absorbed by the Contractor in the Contract price. The Contractor will work with LES to determine which items on the Contract are subject to Nebraska Sales or Use Tax.