NRS 374.245
Liability of purchaser giving resale certificate for use of article bought for resale.


If a purchaser who gives a certificate makes any storage or use of the property other than retention, demonstration or display while holding it for sale in the regular course of business, the storage or use is taxable as of the time the property is first so stored or used. If the sole use of the property, other than retention, demonstration or display in the regular course of business, is the rental of the property while holding it for sale, the purchaser may elect to pay the tax on the use measured by the amount of the rental charged rather than the sales price of the property to him or her.

Source: Section 374.245 — Liability of purchaser giving resale certificate for use of article bought for resale., https://www.­leg.­state.­nv.­us/NRS/NRS-374.­html#NRS374Sec245.

Last Updated

Feb. 5, 2021

§ 374.245’s source at nv​.us