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

NAC374.005. Trade-in allowances.

Latest version.

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)

                    
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