NAC372.936. Lease or rental of tangible personal property constitutes sale.

Latest version.

1. A lease or rental of tangible personal property shall be deemed to constitute a transaction in lieu of a transfer of title, exchange or barter pursuant to the provisions of subsection 2 of NRS 372.060.

2. A lease or rental of tangible personal property for any purpose other than sublease or subrent constitutes a retail sale.

(Added to NAC by Tax Comm’n by R105-09, eff. 11-25-2009)

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');