Nev. Admin. Code § 372.780 — 372.780

NAC 372.780    Deduction for property resold after being purchased for purpose
other than resale. ( NRS
360.090 , 372.025 , 372.725 )    A
retailer who takes a deduction pursuant to section 12 of chapter 397, Statutes
of Nevada 1955, ( NRS 372.025 ) for
property which was resold after being purchased for a purpose other than resale
shall:
1.  Hold a valid permit issued pursuant to NRS 372.135 ;
2.  Take the deduction on the retailer’s tax
return which covers the period in which he or she resold the property; and
3.  Maintain complete records which are
adequate to substantiate the deduction.
[Tax Comm’n, Combined Sales and Use Tax Ruling part No.
68, eff. 6-14-68]