Nev. Admin. Code § 372.936 — 372.936

NAC 372.936    Lease or rental of tangible personal property constitutes sale. ( NRS 360.090 , 360B.110 ,
372.060 ,
372.725 )
1.  A lease or rental of tangible personal
property shall be deemed to constitute a transaction in lieu of a transfer of
title, exchange or barter pursuant to the provisions of subsection 2 of NRS 372.060 .
2.  A lease or rental of tangible personal
property for any purpose other than sublease or subrent constitutes a retail
sale.
(Added to NAC by Tax Comm’n by R105-09, eff. 11-25-2009)