NAC Chapter 374 — Local School Support Tax

NAC 374.005 Trade-in allowances.

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.

History

• Authority: NRS 360.090, 374.030, 374.070, 374.725
• [Tax Comm’n, Combined Sales and Use Tax Ruling No. 38, eff. 3-1-68]—(Substituted in revision for NAC 372.060)