Nevada § 360B.365 Lease or rental of tangible personal property generally

Nevada Statutes

§ 360B.365 — Lease or rental of tangible personal property generally

Nevada § 360B.365

Title 32REVENUE AND TAXATION

Ch. 360BSales

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This text of Nevada § 360B.365 (Lease or rental of tangible personal property generally) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 360B.365 (2026).

Text

1. Except as otherwise provided in this section and NRS 360B.355 , 360B.370 and 360B.375 , the lease or rental of tangible personal property shall be deemed to take place as follows:

(a)If the lease or rental requires recurring periodic payments, for the purposes of:

(1)The first periodic payment, the location of the lease or rental shall be deemed to take place at the location determined pursuant to NRS 360B.360 ; and

(2)Subsequent periodic payments, the location of the lease or rental shall be deemed to take place at the primary location of the property. For the purposes of this subparagraph, the primary location of the property shall be deemed to be the address for the property provided by the lessee and set forth in the records maintained by the lessor in the ordinary course of busi

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1. Except as otherwise provided in this section and NRS 360B.355 , 360B.370 and 360B.375 , the lease or rental of tangible personal property shall be deemed to take place as follows:
(a) If the lease or rental requires recurring periodic payments, for the purposes of:
(1) The first periodic payment, the location of the lease or rental shall be deemed to take place at the location determined pursuant to NRS 360B.360 ; and
(2) Subsequent periodic payments, the location of the lease or rental shall be deemed to take place at the primary location of the property. For the purposes of this subparagraph, the primary location of the property shall be deemed to be the address for the property provided by the lessee and set forth in the records maintained by the lessor in the ordinary course of business, regardless of the intermittent use of the property at different locations, unless the use of that address would constitute bad faith.
(b) If the lease or rental does not require recurring periodic payments, the location of the lease or rental shall be deemed to take place at the location determined pursuant to NRS 360B.360 .
2. This section does not apply to the determination of any liability of a seller for any sales or use taxes imposed on:
(a) The acquisition of tangible personal property for lease; or
(b) Any accelerated or lump-sum payments made pursuant to a lease or rental of tangible personal property.