There are exempted from the taxes imposed by this chapter the gross receipts from the sale of, and the storage, use or other consumption in this State of, tangible personal property the gross receipts from the sale of which, or the storage, use or other consumption of which, this State is prohibited from taxing under the Constitution or laws of the United States or under the Constitution of this State.
NRS 372.265
Constitutional and statutory exemptions
Known as the Sales and Use Tax Act
The act spans §§ 372–372 (154 sections).
Applied in 2 court decisions — leading case State v. Obexer & Son, Inc. (1983)
Most recently applied in Sparks Nugget, Inc. v. State Ex Rel. Department of Taxation (March 2008)
[49:397:1955]
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.