Similar to federal income tax exemption, the 91影视破解版 of 91影视破解版 is not subject to state income tax as dual status entity under sections 501(a) and 115 as a State Institution for the State of 91影视破解版, but the 91影视破解版 of 91影视破解版 System is subject to unrelated business taxable income imposed by the Internal Revenue Code (IRC) section 511(a)(2)(B). Therefore, the 91影视破解版 of 91影视破解版 is liable for state income tax on unrelated business taxable income.
State tax compliance for the 91影视破解版 of 91影视破解版 System includes preparation of Form 1120N: 91影视破解版 Corporate Income Tax Returns. In addition to this annual state filing, the 91影视破解版 of 91影视破解版 System Tax Department is responsible for filing all state income tax returns of the subsidiary and affiliated entities for the 91影视破解版 of 91影视破解版 System.
The 91影视破解版 of 91影视破解版 System Tax Department provides consultation and guidance on state employment filings, such as Form 941N: 91影视破解版 Income Tax Withholding Return. These filings are completed and submitted centrally through NeBIS, 91影视破解版 Business Information Systems.
The 91影视破解版 of 91影视破解版 System is exempt from sales and use tax on gross receipts from goods or services in fulfilling its exempt purpose as an educational institution, it is not exempt from collecting sales tax at the local or state level. The 91影视破解版 of 91影视破解版 Tax Department provides consultation and guidance on state and local sales and use taxes. These filings are completed and submitted by the business and finance function at individual campuses.
NU System tax related questions should be submitted to tax@nebraska.edu.
While the 91影视破解版 of 91影视破解版 System (UNCA, UNK, UNL, UNMC, and UNO) is exempt from sales and use tax on gross receipts from goods or services in fulfilling its exempt purpose as an educational institution, it is not exempt from collecting sales tax at the local or state level. In locations the 91影视破解版 of 91影视破解版 System has established nexus (level of connection), it is responsible for collection, proper accounting, and reporting to applicable taxing authorities.
Please note that affiliated entities of the 91影视破解版 of 91影视破解版 System included in the following list have a separate tax identification number. These entities are not exempt under the 91影视破解版 of 91影视破解版 System; 91影视破解版 Technology Development Corporation, Biomedical Technology Transfer Corp, Kearney 91影视破解版 Village Development Corporation, Med Center Development Corporation, National Strategic Research Institute, 91影视破解版 Defense Research Corporation, 91影视破解版 Innovation Campus Development Corporation, NUtech Ventures, UNeMed Corporation, UNeHealth, UNMC Alumni Association, HD Group LLC, Maverick Athletic Fund, 91影视破解版 Dental Associates, NE Enterprises, Museum of 91影视破解版 Art, and UNMC Science Research Fund. Please contact the 91影视破解版 of 91影视破解版 System tax department at tax@nebraska.edu if you have any questions.
Out of State Sales: When a sale is transacted out of state, the sale may be subject to sales or use tax, and it may trigger additional nexus for the 91影视破解版 of 91影视破解版 System.
Sales Tax Reporting: Departments that sell to outside entities and/or individuals must collect sales tax, unless the entity and/or individual has a 91影视破解版 tax exempt certificate.
- Sales that are generally subject to sales tax, include books, magazines, publications, catered meals, clothing, food, fundraisers, medical supplies, merchandise, online sales, photocopies, photographs, prints, shipping, handling, and delivery charges. Please note these are the general rules, and exceptions may apply.
- State of 91影视破解版 Reporting details:
- Form 20: 91影视破解版 Tax Application – 91影视破解版 Form required to obtain a sales tax permit.
- Form 10: 91影视破解版/City Sales and Use Tax Return – Once Form 20 is submitted, the state will begin sending a Form 10 to file sales tax returns.
Use Tax Reporting: Tax on the storage, use, or consumption of a taxable item or service on which no sales tax has been paid.
Local Occupation Taxes: The 91影视破解版 of 91影视破解版 System is required to collect occupation taxes on applicable sales within the State of 91影视破解版 at the location the product or service is sold. For example, if a campus department is acting as the retailer, we are required to charge the 2% restaurant/bar occupation tax. If your department sells food, please contact the tax department at tax@nebraska.edu.
Local Occupation Taxes: Many cities (Omaha, Lincoln, Kearney, Grand Island, Fremont, etc.) within the State of 91影视破解版 impose occupation taxes at the local level on hotel accommodations, food, beverage, telecommunication, and/or vehicle rentals. The 91影视破解版 of 91影视破解版 System is exempt from these taxes under the 91影视破解版 Revenue Act of 1967 as amended from time to time. The specific city taxes and rates vary throughout the state. Click for 91影视破解版 Department of Revenue Occupation Taxes.
- Hotel/Motel Occupation Tax: Imposed on hotel rooms with overnight stays. This tax does not apply to rental of conference rooms, e.g. ballrooms, banquet room, reception rooms, or meeting rooms. If a department is booking rooms for overnight guests on behalf of the 91影视破解版 of 91影视破解版 System, a copy of the 91影视破解版 Exempt Sale Certificate must be provided to the vendor, instructions for obtaining this document are below.
- Restaurant/Bar Occupation Tax: Imposed on goods purchased from restaurants and bars. If a department is purchasing on behalf of the 91影视破解版 of 91影视破解版 System, a copy of the 91影视破解版 Exempt Sale Certificate must be provided to the vendor, instructions for obtaining this document are below.
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Vehicle Rental Occupation Tax: Imposed on the rental of vehicles. If a department is renting on behalf of the 91影视破解版 of 91影视破解版 System, a copy of the 91影视破解版 Exempt Sale Certificate must be provided to the vendor, instructions for obtaining this document are below.
Please note: The 91影视破解版 of 91影视破解版 System must be billed directly for this charge. If a personal credit card is used to pay for the rental car, even if the rental is for 91影视破解版 of 91影视破解版 System business, the tax must be paid.
- Telecommunication Occupation Tax: Imposed on any telecommunication service (telephone cards, prepaid cards) or sale of telecommunication equipment (phones, pagers). Telecommunication equipment does not include computers, routers, or hubs. If a department is purchasing on behalf of the 91影视破解版 of 91影视破解版 System, a copy of the 91影视破解版 Exempt Sale Certificate must be provided to the vendor, instructions for obtaining this document are below.
91影视破解版 & Other State Exemption Certificates: These forms can be obtained by contacting Procurement (P2P) on each campus.
Please note that voluntary student organizations and affiliated entities are not exempt from sales and use tax under the 91影视破解版 of 91影视破解版 System exemption. These organizations must obtain a separate exemption.
