The Department of Revenue has finalized and posted a new form to the website -- Tax Clearance Application, Form 36.

This form should be used by any person purchasing a business, or the assets of a business, to obtain either: (1) the amount of taxes owed by the selling business; or (2) clearance indicating that no taxes are owed. If taxes are owed by the selling business, the buyer must withhold the amount of tax liability from the purchase price up to the amount of the entire purchase price, valued in money, including any debts assumed by the buyer. Failure to either withhold the amount of taxes due the State of Nebraska or obtain a tax clearance could result in the buyer becoming liable for the entire amount of the tax liability as a successor to the seller of the business.