NAC585.660. Definitions.

As used in this section and NAC 585.670:

     1. “Gross receipts” means the total amount of the sale of each substance, valued in money, whether received in money or otherwise, without a deduction for any of the following:

     (a) The cost of the substance sold.

     (b) The cost of the materials used, labor or service, or interest paid, or for losses or any other expense.

     (c) The cost of marketing the substance.

     (d) The cost of transporting the substance before its sale to the purchaser.

     2. “Sale” includes any transfer of title or possession, exchange or barter, whether conditional or otherwise, of a substance for a consideration.

     3. “Total amount of the sale” includes:

     (a) Any services that are part of a sale; and

     (b) All receipts, cash, credits and property of any kind.

     [Tax Comm’n, Amygdalin and Procaine Hydrochloride Reg. part No. 1, eff. 2-5-82]