Your recipients will receive an email with this envelope shortly and will be able to access it on trellis. You can always see your envelopes by clicking the Inbox on the top right hand corner.
Your subscription has successfully been upgraded.
372.040. Purchases of capital goods: Aggregation to defer payment of tax
1. The periods for which related purchases of capital goods made to expand a business, establish a new business, or renovate or replace capital equipment which may be aggregated to defer payment of the tax are:
(a) Six months, if the purchases have a total sales price of at least $100,000 but less than $600,000.
(b) One year, if the purchases have a total sales price of at least $600,000.
2. The Department may extend the initial deferral period if the taxpayer requests an extension of time before the expiration of that period. The request must:
(a) Be in writing;
(b) Include the date on which the project is to be completed; and
(c) Include evidence that the purchases to be deferred are within the scope of the program approved by the Division of Economic Development.
3. Payments of deferred taxes must be accompanied by forms provided by the Commission.
Added to NAC by Tax Comm'n, eff. 9-13-85; A by Dep't of Taxation, 10-18-89
NRS 360.090, 372.397, 372.725
For full print and download access, please subscribe at https://www.trellis.law/.
Please wait a moment while we load this page.