Nev. Admin. Code § 372.460 — 372.460

NAC 372.460    Replacement parts and materials. ( NRS
360.090 , 372.385 , 372.725 )
1.  The sale of tangible personal property by
a retailer includes the furnishing of replacement parts or materials to repair
or replace the tangible personal property pursuant to the provisions of a
warranty or guaranty included in the contract of sale. Sales and use taxes do
not apply to the purchase and use of replacement parts or materials by the
retailer if the purchase and use of those parts or materials was made for the
repair or replacement of tangible personal property pursuant to the provisions
of the warranty or guaranty.
2.  If a lessor leases or rents tangible
personal property to a:
(a) Retailer who will furnish the tangible personal
property to a customer; or
(b) Customer of a retailer,
Ê pursuant to
the provisions of a warranty or guaranty included in a contract of sale, the
lessor must not include the gross receipts from that lease or rental of the
tangible personal property in the gross receipts that are subject to the use
tax. The lessor shall maintain documentation that indicates that the tangible
personal property was leased or rented to a retailer, or the customer of a
retailer, pursuant to the provisions of a warranty or guaranty included in a
contract of sale.
[Tax Comm’n, Combined Sales and Use Tax Ruling No. 40,
eff. 3-1-68]—(NAC A by R025-99, 1-27-2000)