Nebraska Administrative Code
Topic - REVENUE, DEPARTMENT OF
Title 316 - NEBRASKA DEPARTMENT OF REVENUE
Chapter 1 - SALES AND USE TAX REGULATIONS
Section 316-1-030 - LAY-AWAY AND WILL-CALL SALES
Universal Citation: 316 NE Admin Rules and Regs ch 1 ยง 030
Current through September 17, 2024
030.01 In the case of lay-away or will-call sales (including those in which a deposit is made by the customer), retailers who maintain records on a cash basis must report cash collections on lay-away sales on the return for the period in which the cash is received.
030.02 All other retailers must report lay-away sales on the return for the period in which they are entered as a sale on the retailer's books.
030.03 If the deposit is forfeited by the customer, the seller shall include only the amount of the deposit received in his or her taxable receipts.
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