Similar to federal income tax exemption, the University of 玉米视频 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 玉米视频, but the University of 玉米视频 System is subject to unrelated business taxable income imposed by the Internal Revenue Code (IRC) section 511(a)(2)(B). Therefore, the University of 玉米视频 is liable for state income tax on unrelated business taxable income.
State tax compliance for the University of 玉米视频 System includes preparation of Form 1120N: 玉米视频 Corporate Income Tax Returns. In addition to this annual state filing, the University of 玉米视频 System Tax Department is responsible for filing all state income tax returns of the subsidiary and affiliated entities for the University of 玉米视频 System.
The University of 玉米视频 System Tax Department provides consultation and guidance on state employment filings, such as Form 941N: 玉米视频 Income Tax Withholding Return. These filings are completed and submitted centrally through NeBIS, 玉米视频 Business Information Systems.
The University of 玉米视频 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 University of 玉米视频 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 University of 玉米视频 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 University of 玉米视频 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 University of 玉米视频 System included in the following list have a separate tax identification number. These entities are not exempt under the University of 玉米视频 System; University Technology Development Corporation, Biomedical Technology Transfer Corp, Kearney University Village Development Corporation, Med Center Development Corporation, National Strategic Research Institute, 玉米视频 Defense Research Corporation, 玉米视频 Innovation Campus Development Corporation, NUtech Ventures, UNeMed Corporation, UNeHealth, UNMC Alumni Association, HD Group LLC, Maverick Athletic Fund, University Dental Associates, NE Enterprises, Museum of 玉米视频 Art, and UNMC Science Research Fund. Please contact the University of 玉米视频 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 University of 玉米视频 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 玉米视频 tax exempt certificate.
- Sales that are generally subject to sales tax, include books, magazines, 玉米视频ations, 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 玉米视频 Reporting details:
- Form 20: 玉米视频 Tax Application – 玉米视频 Form required to obtain a sales tax permit.
- Form 10: 玉米视频/City Sales and Use Tax Return – Once Form 20 is submitted, the state will begin sending a Form 10 to file sales tax returns.
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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 University of 玉米视频 System is required to collect occupation taxes on applicable sales within the State of 玉米视频 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 玉米视频 impose occupation taxes at the local level on hotel accommodations, food, beverage, telecommunication, and/or vehicle rentals. The University of 玉米视频 System is exempt from these taxes under the 玉米视频 Revenue Act of 1967 as amended from time to time. The specific city taxes and rates vary throughout the state. Click for 玉米视频 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 University of 玉米视频 System, a copy of the 玉米视频 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 University of 玉米视频 System, a copy of the 玉米视频 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 University of 玉米视频 System, a copy of the 玉米视频 Exempt Sale Certificate must be provided to the vendor, instructions for obtaining this document are below.
Please note: The University of 玉米视频 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 University of 玉米视频 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 University of 玉米视频 System, a copy of the 玉米视频 Exempt Sale Certificate must be provided to the vendor, instructions for obtaining this document are below.
玉米视频 & 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 University of 玉米视频 System exemption. These organizations must obtain a separate exemption.
