Collection of taxes on certain motor vehicle fuel by supplier; exceptions; records of sales to other suppliers.
1. Except as otherwise provided in subsections 2 and 3, each supplier who sells or distributes motor vehicle fuel, other than aviation fuel, shall, at the time the motor vehicle fuel is distributed from a terminal, collect the taxes imposed pursuant to NRS 365.175 to 365.192, inclusive.
2. A supplier may sell motor vehicle fuel, other than aviation fuel, to a purchaser without collecting the taxes imposed pursuant to NRS 365.175 to 365.192, inclusive, if the purchaser of the motor vehicle fuel:
(a) Has been issued a permit by the Department pursuant to NRS 365.328; and
(b) Elects to defer payment of the taxes.
3. A supplier shall not collect the taxes imposed pursuant to NRS 365.175 to 365.192, inclusive, if the purchaser of the motor vehicle fuel is:
(a) A supplier; or
(b) An exporter.
4. A supplier who sells motor vehicle fuel, other than aviation fuel, to any other supplier shall keep such records of the transaction as the Department may require. The Department shall adopt regulations setting forth:
(a) The records which must be kept by the dealer pursuant to this subsection; and
(b) The period for which those records must be kept by the dealer.
Last modified: February 27, 2006