Sales Tax Articles
Sales Tax State Activity Update - May 2006
Nebraska Molds the Exemption Status of Molds and Dies
Nebraska legislature approved LB 1189, which clarifies the exemption from sales and use tax related to purchases of molds and dies for use in manufacturing tangible personal property for sale.
Effective July 1, 2006, the exemption includes molds and dies and the materials necessary to create molds and dies for use in manufacturing that determine the physical characteristics of the finished product or its packaging material, whether or not such molds or dies are permanent or temporary in nature, and including any chemicals, solutions, or catalysts utilized in the mold or die process even if such items are consumed during the course of the mold or die process.
The clarifying language adds the materials necessary to create molds and dies and any chemicals, solutions or catalysts utilized in the mold or die process to the exemption.
View the full text on the Nebraska Legislature Website.
(Ninety Ninth Legislature of Nebraska, Second Session, LB 1189)
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