Nev. Admin. Code § 372.827 — 372.827

NAC 372.827    Sale of capital goods: Security required for deferral of tax. ( NRS 360.090 , 372.397 ,
372.510 ,
372.725 )
1.  Each person who qualifies for the
deferral of taxes pursuant to NRS
372.397 shall establish with the Department security that is equal to the
person’s tax liability.
2.  The Department may accept as security
pursuant to subsection 1:
(a) The security set forth in subsection 9 of NAC 372.825 ; or
(b) A perfected, first priority security interest
that designates the State of Nevada as the secured party and is created
pursuant to the provisions of NRS
104.9101 to 104.9709 ,
inclusive, in personal property that is located in this State.
(Added to NAC by Dep’t of Taxation, eff. 10-18-89; A by
Tax Comm’n by R090-97, 11-14-97; R021-08, 4-17-2008; R203-08, 10-15-2010)
RETAILERS LOCATED OUTSIDE OF THIS STATE