Nevada Administrative Code (Last Updated: January 6, 2015)

NAC372.827. Sale of capital goods: Security required for deferral of tax.

Latest version.

     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)

                    
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