Nev. Rev. Stat. § 372.240 — Liability of purchaser giving resale certificate: Use of article bought for resale

NRS  372.240    Liability of purchaser giving resale certificate: Use of article
bought for resale.    If a purchaser
who gives a certificate makes any storage or use of the property other than
retention, demonstration or display while holding it for sale in the regular
course of business, the storage or use is taxable as of the time the property
is first so stored or used. If the sole use of the property, other than retention,
demonstration or display in the regular course of business, is the rental of
the property while holding it for sale, the purchaser may elect to pay the tax
on the use measured by the amount of the rental charged rather than the sales
price of the property to him or her.