Product-based exemption means an exemption based on the description of the product that is the subject of the transaction and not based on the identity of the person purchasing or selling the product or the ultimate use of the product.
Neb. Rev. Stat. § 77-2701.26
Product-based exemption, defined
Laws 2003, LB 282, § 30.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.