Nevada Administrative Code
Chapter 374 - Local School Support Tax
Section 374.005 - Trade-in allowances
Universal Citation: NV Admin Code 374.005
Current through February 27, 2024
The amount upon which the tax is computed includes any allowance for property which is traded in. If the Nevada Tax Commission finds that an allowance stated in an agreement is less than the fair market value, the allowance actually agreed upon shall be deemed the market value.
Tax Comm'n, Combined Sales and Use Tax Ruling No. 38, eff. 3-1-68-Substituted in revision for NAC 372.060
NRS 360.090, 374.030, 374.070, 374.725
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