Section 372.120 - Foreclosure sales1. The tax does not apply to sales of tangible personal property at public auction pursuant to the provisions of a chattel mortgage, if:(a) The sale is made pursuant to a court decree of foreclosure by an officer appointed by the court for that purpose; or(b) The property is bid in by the mortgagee.2. The tax applies to other foreclosure sales and to sales by a person who has bid in the property to the same extent as to other sales.Nev. Admin. Code § 372.120
Tax Comm'n, Combined Sales and Use Tax Ruling No. 24, eff. 3-1-68