2006 Nebraska Revised Statutes - § 77-2704.18 — Repealed. Laws 2006, LB 968

Section 77-2704.18
Purchases of building materials and construction services by housing agencies; exemption.

(1) Sales and use taxes shall not be imposed on the gross receipts from the sale, lease, or rental of and the storage, use, or other consumption of purchases of building materials and construction services by a housing agency as defined in section 71-1575.

(2) The appointment of purchasing agents shall be recognized for the purpose of altering the status of the construction contractor as the ultimate consumer of building materials which are physically annexed to the structure and which subsequently belong to the housing agency. The appointment of purchasing agents shall be in writing and occur prior to having any building materials annexed to real estate in the construction, improvement, or repair. The contractor who has been appointed as a purchasing agent may apply for a refund or use as a credit against a future tax liability the tax paid on inventory items annexed to real estate in the construction, improvement, or repair of a project for the housing agency.

(3) Any housing agency which enters into a contract of construction, improvement, or repair upon property annexed to real estate without first issuing a purchasing agent authorization to a contractor or repairperson prior to the building materials being annexed to real estate in the project may apply to the Tax Commissioner for a refund of any sales and use tax paid by the contractor or repairperson on the building materials physically annexed to real estate in the construction, improvement, or repair.

Source:

Laws 2006, LB 968, § 5.

~Revised Statutes Cumulative Supplement, 2006