SUMMARY--Clarifies administration of existing exemption from sales and use taxes for gross receipts from sale of tangible personal property to be shipped outside State of Nevada. (BDR 32-365)
FISCAL NOTE: Effect on Local Government: No.
Effect on the State or on Industrial Insurance: No.
EXPLANATION - Matter in italics is new; matter in brackets [ ] is material to be omitted.
AN ACT relating to taxation; clarifying the provisions governing the administration of the exemption from sales and use taxes for the sale of tangible personal property to be shipped outside this state; and providing other matters properly relating thereto.
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
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Section 1 Chapter 372 of NRS is hereby amended by adding thereto a new section to read as follows:
In administering the provisions of NRS 372.335, the department shall apply the exemption for the sale of tangible personal property delivered by the vendor to a forwarding agent for shipment out of state to include the sale of a vehicle to a nonresident to whom a special movement permit has been issued by the department of motor vehicles and public safety pursuant to subsection 1 of NRS 482.3955.
Sec. 2 Chapter 374 of NRS is hereby amended by adding thereto a new section to read as follows:
In administering the provisions of NRS 374.340, the department shall apply the exemption for the sale of tangible personal property delivered by the vendor to a forwarding agent for shipment out of state to include the sale of a vehicle to a nonresident to whom a special movement permit has been issued by the department of motor vehicles and public safety pursuant to subsection 1 of NRS 482.3955.
Sec. 3. This act becomes effective upon passage and approval.