Nev. Admin. Code § 372.40 — 372.40

NAC 372.040    Purchases of capital goods: Aggregation to defer payment of tax. ( NRS 360.090 , 372.397 ,
372.725 )
1.  The periods for which related purchases
of capital goods made to expand a business, establish a new business, or
renovate or replace capital equipment which may be aggregated to defer payment
of the tax are:
(a) Six months, if the purchases have a total sales
price of at least $100,000 but less than $600,000.
(b) One year, if the purchases have a total sales price
of at least $600,000.
2.  The Department may extend the initial
deferral period if the taxpayer requests an extension of time before the
expiration of that period. The request must:
(a) Be in writing;
(b) Include the date on which the project is to be
completed; and
(c) Include evidence that the purchases to be
deferred are within the scope of the program approved by the Division of
Economic Development.
3.  Payments of deferred taxes must be
accompanied by forms provided by the Commission.
(Added to NAC by Tax Comm’n, eff. 9-13-85; A by Dep’t
of Taxation, 10-18-89)