Section 372.827 - Sale of capital goods: Security required for deferral of tax1. Each person who qualifies for the deferral of taxes pursuant to NRS 372.397 shall establish with the Department security that is equal to the person's tax liability.2. The Department may accept as security pursuant to subsection 1:(a) The security set forth in subsection 9 of NAC 372.825; or(b) A perfected, first priority security interest that designates the State of Nevada as the secured party and is created pursuant to the provisions of NRS 104.9101 to 104.9709, inclusive, in personal property that is located in this State.Nev. Admin. Code § 372.827
Added to NAC by Dep't of Taxation, eff. 10-18-89; A by Tax Comm'n by R090-97, 11-14-97; R021-08, 4-17-2008; R203-08, 10-15-2010NRS 360.090, 372.397, 372.510, 372.725