NAC372A.150. “Sales price” interpreted.

     1. For the purposes of NRS 372A.075, the Nevada Tax Commission will interpret the term “sales price” to mean the total amount for which medical marijuana is sold, valued in money, whether received in money or otherwise, without any deduction for:

     (a) The cost to the seller for the medical marijuana sold;

     (b) The cost of materials used, the cost of labor or services, interest, losses, costs of transportation to the seller or any other expenses of the seller;

     (c) Any amount for which credit is given to the purchaser by the seller;

     (d) Any charges by the seller for any services necessary to complete the sale; or

     (e) Except as otherwise provided in this subsection, any tax imposed upon the seller or the seller’s predecessors in the supply chain.

Ê The term does not include the amount of the seller’s obligation for the excise tax on medical marijuana.

     2. For the purposes of this section, the legal incidence of the excise tax on medical marijuana is deemed to be on the seller regardless of whether the seller passes the cost of the tax on to the purchaser.

     (Added to NAC by Tax Comm’n by R073-13, eff. 6-23-2014)