Nebraska: The Cornhusker State

The state is part of the Midwest of the United States. “Where the West begins” is one of Nebraska’s slogans. A good 1.8 million inhabitants are spread over an area of ​​200,000 km². According to ehuacom, the capital, Lincoln, is the second largest in the Cornhusker State after Omaha.

Businesses looking for a home base with the perfect blend of economic opportunity and an authentic lifestyle look to Nebraska. The prospect of lifelong learning offers a high quality of life and endless opportunities for economic growth.

Nebraska offers businesses competitive incentives, a skilled workforce and an ideal location. The positive economic environment ensures that all companies, from start-ups to international corporations, find their place here.

Nebraska Location Map

IN THE CENTER OF THE ACTION

Nebraska is home to some of the nation’s leading transportation companies and sits on one of the busiest rail corridors in North America. Nebraska is also home to the headquarters of the Union Pacific Railroad, a variety of shipping centers and the largest rail yard. 11,500 resident truck companies, including two of the ten largest in the country, impressively show Nebraska’s importance in the field of logistics.

Nebraska’s central location makes it an ideal transportation hub. Interstate 80, the busiest intercontinental highway in the United States, stretches 482 miles east-west from one end of the state to the other. Seven national north-south highways traverse the state, providing businesses with easy access to the NAFTA trade corridor.

The state is also served by two Class I rail systems. Supply chain and logistics management companies have in recent years discovered what railroads and trucking companies have long known: Nebraska’s central location is becoming key to conducting business.

EFFICIENT AND COST-EFFECTIVE TRADING PLACE

Nebraska is the ideal location for distribution centers and warehouse stores. Storing, organizing, and distributing Nebraska merchandise is easy and efficient. International manufacturers, dealers and distributors benefit from the two foreign trade zones in Lincoln and Omaha. Customs duties on foreign goods can be deferred until they enter American trade channels. This leads to significant cost savings.

Because of tremendous access to natural transportation corridors and infrastructure, Nebraska’s transportation, warehousing, distribution, and logistics industries are thriving, which is reflected in the number of companies thriving here.

A group of companies – including shippers, warehouses and logistics service providers – formed the Nebraska Logistics Council (NLC). The NLC is a forum for professional and educational advancement in worldwide transport, warehousing, distribution and logistics. NLC has established itself as a valuable tool for economic development.

WORKFORCE AS THE MAIN ATTRACTION

In many other states, large historical structures or modern buildings are considered attractions. In Nebraska it’s the workforce – everything is a little more down to earth here. The talent pool is characterized by a strong work ethic and intelligence. Honest business processes are valued here.

When it comes to education, Nebraska consistently tops two lists, best high school graduation rate and best teacher-to-student ratio. Students experience excellence in and out of the classroom. You’ll get first-hand hands-on experience through mentorships, internships, and more.

NEBRASKA INCOME TAX

Nebraska charges an income tax of 2.46 – 6.84% depending on income. In addition, federal income taxes are payable.

CORPORATE INCOME TAX IN NEBRASKA

Nebraska has a corporate income tax rate of 7.81%. In addition, federal corporation tax is payable.

NEBRASKA SALES TAX

There is no sales tax or Value Added Tax (VAT) in the USA based on the European model. Instead, in the United States, states, counties, and municipalities levy a local sales tax on the sale of products (but not services).

Sales tax rate in Nebraska

The sales tax in Nebraska is 5.5% at the state level. Municipalities or districts charge an average of 1.43% sales tax. Combined, an average of 6.93% is due.

Nebraska Nexus Laws & Sales Tax

Here you can find out more about the Economic Nexus Laws in the Context of Sales Tax.

Effective Date :

April 1, 2019 (postponed from January 1, 2019 by GIL-1-19-2

Transactions included:

Total retail sales to customers in Nebraska.

Treatment of tax-exempt transactions:

Exempt sales and services are included in the threshold except for resale, sublease or leasing.

Reason:

turnover or transaction volume

Sales/Transactions Threshold:

$100,000 or 200 transactions

Evaluation period:

The threshold applies to the previous or current calendar year.

Extra information:

  • Registration Requirements: Nebraska requires a remote business to register to collect and remit Nebraska sales tax on or before the first day of the second calendar month after the threshold has been exceeded. For more information, see FAQsfor remote sellers.
  • Frequently asked questions about remote sellers
  • LB284

Nebraska Marketplace Sellers & Sales Tax

Learn more about Marketplace seller registration requirements

Effective date by the marketplace broker:

April 1, 2019

Economic Nexus Threshold:

Greater than $100,000 in gross sales or at least 200 separate transactions into Nebraska in the current or previous calendar year. When calculating the threshold:

  • Remote sellers should include sales through a bulk marketplace
  • Marketplace moderators include all sales made through the marketplace

Registration requirements:

  • Remote Multichannel Sellers: You must register with the Nebraska Department of Revenue (DOR) and collect your Nebraska sales tax on sales that are not taxed by a Marketplace Agent once you have crossed the Economic Nexus Threshold.
    • You must report all sales, but you can deduct sales that were taxed by a marketplace intermediary.
  • Remote Marketplace Vendors: You must register and collect sales tax in Nebraska once you cross the Economic Nexus threshold.
    • You must report all sales, but you can deduct sales that were taxed by a marketplace intermediary.
  • In-State Multichannel Sellers: You must register with the Nebraska DOR and collect taxes on sales that are not taxed by a marketplace facilitator.
    • You must report all sales, but you can deduct sales that were taxed by a marketplace intermediary.
  • In-State Marketplace Sellers: You must register with the Nebraska DOR.
    • You must report all sales, but you can deduct sales that were taxed by a marketplace intermediary.