Section 372.932 - Certain transfers of tangible personal property to governmental entities or nonprofit organizations1. If a lease of tangible personal property to an entity exempt from taxation pursuant to NRS 372.325 or 372.326 constitutes a sale pursuant to NAC 372.926, the sale is exempt from taxation.2. Any transfer of tangible personal property described in NRS 372.7283 or 372.7287 shall be deemed to constitute a sale of the tangible personal property and is exempt from taxation.3. If a lease of tangible personal property to an entity exempt from taxation pursuant to NRS 372.325 or 372.326 does not constitute a sale pursuant to subsection 2 or NAC 372.926, the original sale of the tangible personal property to the lessor is not exempt from taxation and the lessor must pay the tax.Nev. Admin. Code § 372.932
Added to NAC by Tax Comm'n by R058-02, eff. 1-17-2003; A by R021-08, 4-17-2008-Substituted in revision for NAC 372.075NRS 360.090, 372.385, 372.725