66-1345.02 Excise tax; records required; remittance of tax; duties; calculations required by Department of Agriculture; report.
66-1345.02. Excise tax; records required;remittance of tax; duties; calculations required by Department of Agriculture;report.(1) The first purchaser, at the time of sale or delivery,shall retain the excise tax as provided in section 66-1345.01 and shall maintainthe necessary records of the excise tax for each sale or delivery of cornor grain sorghum. Records maintained by the first purchaser shall provide(a) the name and address of the seller or deliverer, (b) the date of the saleor delivery, (c) the number of bushels of corn or hundredweight of grain sorghumsold or delivered, and (d) the amount of excise tax retained on each saleor delivery. The records shall be open for inspection and audit by authorizedrepresentatives of the Department of Agriculture during normal business hoursobserved by the first purchaser.(2) The first purchaser shall render and have on file with the departmentby the last day of each January, April, July, and October on forms prescribedby the department a statement of the number of bushels of corn and hundredweightof grain sorghum sold or delivered in Nebraska. At the time the statementis filed, the first purchaser shall pay and remit to the department the excisetax.(3) The department shall remit the excise tax collected to the StateTreasurer for credit to the Ethanol Production Incentive Cash Fund withinthirty days after the end of each quarter.(4) The department shall calculate its costs in collecting and enforcingthe excise tax imposed by section 66-1345.01 and shall report such costs tothe budget division of the Department of Administrative Services within thirtydays after the end of the fiscal year. Sufficient funds to cover such costsshall be transferred from the Ethanol Production Incentive Cash Fund to theManagement Services Expense Revolving Fund at the end of each calendar month. SourceLaws 1995, LB 377, § 3; Laws 1999, LB 605, § 4; Laws 2001, LB 536, § 5; Laws 2007, LB322, § 15; Laws 2007, LB701, § 29; Laws 2010, LB689, § 4.Effective Date: July 15, 2010