Nebraska 17 Form

The Nebraska 17 form serves as a critical document for governmental units and exempt organizations in the state, facilitating the appointment of a prime contractor as a purchasing agent for sales and use tax purposes. This form allows the appointed contractor to purchase building materials that will be incorporated into tax-exempt construction projects. It requires essential information such as the names and addresses of both the prime contractor and the governmental unit or exempt organization, as well as details about the specific project. The form also outlines the effective and expiration dates of the appointment, ensuring that the contractor acts within a defined timeframe. Furthermore, the Nebraska 17 form includes a section for the delegation of authority to subcontractors, allowing prime contractors to extend their purchasing capabilities. It is important to note that the form must be completed and provided to the contractor before any materials are annexed to the project, as failure to do so could result in tax liabilities. Additionally, the form emphasizes the necessity for exempt organizations to verify their tax-exempt status, as not all nonprofits qualify for exemption. Proper filing and retention of the form are essential for compliance and for obtaining potential tax refunds if necessary.