Nev. Admin. Code § 372.50 — 372.50

NAC 372.050    Credit sales. ( NRS
360.090 , 372.725 )
1.  If tangible personal property is sold on
credit, either under a conditional sale or lease contract or otherwise, the
whole amount of the contract is taxable unless the retailer keeps adequate and
complete records to show separately the sales price of the tangible personal
property, and the insurance, interest, finance, carrying and other charges made
in the contract. If such records are kept by the retailer, the insurance,
interest, finance and carrying charges may be excluded from the computation of
the tax.
2.  The total amount of the tax on the entire
sales price in credit transactions is due on the due date of the return to be
filed after the close of the reporting period in which the sale was made.
3.  No reduction in the amount of tax payable
by the retailer is allowable by reason of his or her transfer at a discount of
a conditional sale or lease contract or other evidence of indebtedness.
[Tax Comm’n, Combined Sales and Use Tax Ruling No. 35,
eff. 3-1-68]