Home Tax Form 2 Business Local Use Tax Return

Form 2 Business Local Use Tax Return

 

INSTRUCTIONS: NEBRASKA AND LOCAL BUSINESS USE TAX RETURN (Form 2)

 

 

Nebraska businesses must pay use tax on any items or services purchased for use in the state on which state tax has not been paid. Form 2 is used to calculate and submit payment. This form is found on the website of the Nebraska Department of Revenue.

 

Nebraska And Local Business Use Tax Return 2 Step 1: At the top of the page, give the Nebraska ID number of your business and the dates of the applicable tax period.

 

Nebraska And Local Business Use Tax Return 2 Step 2: Enter your name and location address where indicated, and your name and mailing address on the right if different.

 

Nebraska And Local Business Use Tax Return 2 Step 3: On line one, enter the total cost of all items and services on which state tax has not been paid. Multiply line one by .055 to determine the use tax due on line two.

 

Nebraska And Local Business Use Tax Return 2 Step 4: In the table below line two, you must calculate the local use tax due. If completing this form online, click on the link for a list of city and county use tax rates. If completing this form by hand, this information is available on the website of the Nebraska Department of Revenue. Enter the name of the city or county, the local code and the local tax rate in the appropriate columns. Enter the amount of the purchase stored in the city or county in Column A, multiply it by the tax rate and enter the result in Column B. 

 

Nebraska And Local Business Use Tax Return 2 Step 5: Enter the total of all sums entered in Column B on line three. Add lines two and three and enter the sum on line four to determine your combined state and local use tax due.

 

Nebraska And Local Business Use Tax Return 2 Step 6: If you have paid state or local tax in other areas, enter this amount on line five to determine your tax credit. This amount cannot exceed the state and local tax due in Nebraska.  Subtract line five from line four and enter it on line six. Enter your previous balance and interest on line seven. Add or subtract this from line six as applicable and enter the balance due on line eight.

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