Nevada Administrative Code
Chapter 372 - Sales and Use Taxes
ADMINISTRATION OF TAX
Section 372.827 - Sale of capital goods: Security required for deferral of tax
Universal Citation: NV Admin Code 372.827
Current through September 16, 2024
1. 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.
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, 10-15-2010
NRS 360.090, 372.397, 372.510, 372.725
Disclaimer: These regulations may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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