Nev. Rev. Stat. § 371.60 — Schedules for depreciation; minimum amount of tax

1.  Except as otherwise provided in
subsection 2, subsection 2 of NRS 371.040
and NRS 482.2155 , each vehicle must be
depreciated by the Department for the purposes of the annual governmental
services tax according to the following schedule:
Percentage
of
Age Initial
Value
New............................................................................................................. 100
percent
1 year............................................................................................................ 95
percent
2 years........................................................................................................... 85
percent
3 years........................................................................................................... 75
percent
4 years........................................................................................................... 65
percent
5 years........................................................................................................... 55
percent
6 years........................................................................................................... 45
percent
7 years........................................................................................................... 35
percent
8 years........................................................................................................... 25
percent
9 years or more............................................................................................ 15
percent
2.  Except as otherwise provided in
subsections 2 and 3 of NRS 371.040 , each
bus, truck or truck-tractor having a declared gross weight of 10,000 pounds or
more and each trailer or semitrailer having an unladen weight of 4,000 pounds
or more must be depreciated by the Department for the purposes of the annual
governmental services tax according to the following schedule:
Percentage
of
Age Initial
Value
New............................................................................................................. 100
percent
1 year............................................................................................................ 85
percent
2 years........................................................................................................... 69
percent
3 years........................................................................................................... 57
percent
4 years........................................................................................................... 47
percent
5 years........................................................................................................... 38
percent
6 years........................................................................................................... 33
percent
7 years........................................................................................................... 30
percent
8 years........................................................................................................... 27
percent
9 years........................................................................................................... 25
percent
10 years or more......................................................................................... 23
percent
3.  Notwithstanding any other provision of
this section, the minimum amount of the governmental services tax:
(a) On any trailer having an unladen weight of
1,000 pounds or less is $3; and
(b) On any other vehicle is $16.
4.  For the purposes of this section, a
vehicle shall be deemed a “new” vehicle if the vehicle has never been
registered with the Department and has never been registered with the
appropriate agency of any other state, the District of Columbia, any territory
or possession of the United States or any foreign state, province or country.