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NRS 372.366

Computation of amount of taxes due

Known as the Sales and Use Tax Act

The act spans §§ 372–372 (154 sections).

(Added to NRS by 2003, 2362; A 2005, 1778)

In determining the amount of taxes due pursuant to this chapter:

1. The amount due must be computed to the third decimal place and rounded to a whole cent using a method that rounds up to the next cent if the numeral in the third decimal place is greater than 4.

2. A retailer may compute the amount due on a transaction on the basis of each item involved in the transaction or a single invoice for the entire transaction.

Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.