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What are the sales and use tax obligations of motor vehicle dealers related to vehicles furnished free-of-charge to educational institutions?

April 26, 2017Dealers free-of-charge furnished motor obligations sales tax vehicle vehicles

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What are the sales and use tax obligations of motor vehicle dealers related to vehicles furnished free-of-charge to educational institutions?

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The motor vehicle dealer is responsible for remitting consumer’s use tax based on the cost of the vehicle. Nebraska Sales and Use Tax Regulation 1-021 provides the method for calculating the tax due.