Lease or rental of motor vehicles, trailers, semitrailers or aircraft that do not constitute transportation equipment. [Effective January 1, 2006.]
1. Except as otherwise provided in this section and NRS 360B.355, the lease or rental of motor vehicles, trailers, semitrailers or aircraft that do not constitute transportation equipment shall be deemed to take place:
(a) If the lease or rental requires recurring periodic payments, at the primary location of the property. For the purposes of this paragraph, 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, 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.
Last modified: February 27, 2006