Nevada Revised Statutes 360B.260 – Direct pay permits: Use; application for permit
1. A purchaser may purchase tangible personal property without paying to the seller at the time of purchase the sales and use taxes that are due thereon if:
Terms Used In Nevada Revised Statutes 360B.260
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
- Personal property: All property that is not real property.
(a) The seller does not maintain a place of business in this State; and
(b) The purchaser has obtained a direct pay permit pursuant to the provisions of this section.
2. A purchaser who wishes to obtain a direct pay permit must file with the Department an application for such a permit that:
(a) Is on a form prescribed by the Department; and
(b) Sets forth such information as is required by the Department.
3. The application must be signed by:
(a) The owner if he or she is a natural person;
(b) A member or partner if the seller is an association or partnership; or
(c) An executive officer or some other person specifically authorized to sign the application if the seller is a corporation. Written evidence of the signer’s authority must be attached to the application.
4. Any purchaser who obtains a direct pay permit pursuant to this section shall:
(a) Determine the amount of sales and use taxes that are due and payable to this State, a local government of this State or an Indian reservation or Indian colony in this State upon the purchase of tangible personal property from such a seller; and
(b) Report and pay those taxes to the appropriate authority.