Nebraska exemption on equipment purchases in other states.

The gross receipts on the purchases of industrial machinery or equipment, including parts for repairs,purchases made by Nebraska or its political subdivisions from another state shall not be taxable if the other state provides a similar reciprocal exemption.. The gross receipts will be on the sale, lease, rental of, storage of, use or other consumption of the machinery or equipment. (L.B. 168, Laws 2003, effective July 1, 2003)

Posted on July 15, 2003