Nebraska Administrative Code
Topic - REVENUE, DEPARTMENT OF
Title 316 - NEBRASKA DEPARTMENT OF REVENUE
Chapter 1 - SALES AND USE TAX REGULATIONS
Section 316-1-034 - AUCTION AND CONSIGNMENT SALES
Universal Citation: 316 NE Admin Rules and Regs ch 1 ยง 034
Current through September 17, 2024
034.01 All auction and consignment sales of property are sales at retail and the auctioneer is a retailer who must collect and remit the tax on all sales except as follows:
034.01A If an auctioneer is an agent of a
retail seller, then the seller or other agent of the seller is responsible for
the collection and remittance of the tax on each transaction;
034.01B If another person acts as clerk for
an auction sale and handles the money for the sale, then the clerk is the
retailer and is responsible to collect and remit the tax on items sold;
or
034.01C If the sale is otherwise
exempt because of the nature of the item sold, the nature of the purchaser, or
the intended use of the item, such sales are exempt and not taxable. See
Reg-1-012,
Exemptions.
034.02 All sales made by auctioneers or consignees from an auction house or any other place under the control of an auctioneer or consignee are taxable sales subject only to the exception in item 034.01C of this regulation or the exception for sales by religious organizations in Reg-1-091, Religious Organizations.
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