Nevada Franchised Auto Dealers Association

Automobile

LAWS GOVERNING AUTO INDUSTRY

Two of the main chapters of the Nevada Revised Statutes and Nevada Administrative Code discussed today are:

? Chapter 372: Sales and Use Taxes

? Chapter 482: Motor Vehicles and Trailers: Licensing, Registration, Sales and Leases

Also referenced will be chapter 374, Local School Support Tax

AUTOMOBILE INDUSTRY

The Department of Taxation administers the sales/use tax laws and regulations while the Department of Motor Vehicles (DMV) administers laws and regulations governing the licensing, selling, titling and other related issues involving vehicles which are required to be licensed to drive on a public highway (NRS 482.135)

AUTOMOBILE INDUSTRY

The Department of Taxation looks to some of the definitions contained in NRS Chapter 482 for guidance in making determinations of taxability.

Automobile Industry

Some useful sources of information can be found at:

DMV main website:

DMV Registration/Title Guide:

Department of Taxation:

Statutes and Nevada Administrative Code at

Sales/Use Tax References

? Statutes ? Regulations ? Publications

? Other

a/k/a

NRS

a/k/a

NAC

Tax Notes

Technical Bulletins

FAQs

For sales and use tax, references are to Chapters 372, 374, 360 and 360b; reference is also made to NRS chapter 482

SALES

SALES TAX

Sales tax is due on the sale for retail of Tangible Personal Property which may be:

Seen Weighed Measured Felt Touched or is In any other manner perceptible to the senses.

The sales of all tangible personal property is taxable unless specifically exempted by statute

NRS 360B.095

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