Nevada § 372.025 - “Gross receipts” defined

§ 372.025. “Gross receipts” defined

1. “ Gross receipts ” means the total amount of the sale or lease or rental price, as the case may be,

of the retail sales of retailers, valued in money, whether received in money or otherwise,

without any deduction on account of any of the following: (a) The cost of the property sold. However, in accordance with such rules and regulations as the Tax Commission may

prescribe, a deduction may be taken if the retailer has purchased property for some

other purpose than resale, has reimbursed his vendor for tax which the vendor is required

to pay to the State or has paid the use tax with respect to the property, and has

resold the property before making any use of the property other than retention, demonstration

or display while holding it for sale in the regular course of business. If such a deduction is taken by the retailer, no refund or credit will be allowed

to his vendor with respect to the sale of the property. (b) The cost of the materials used, labor or service cost, interest paid, losses or

any other expense. (c) The cost of transportation of the property before its sale to the purchaser. 2. The total amount of the sale or lease or rental price includes all of the following: (a) Any services that are a part of the sale. (b) All receipts, cash, credits and property of any kind. (c) Any amount for which credit is allowed by the seller to the purchaser. 3. “ Gross receipts ” does not include any of the following: (a) Cash discounts allowed and taken on sales. (b) The sale price of property returned by customers when the full sale price is refunded

either in cash or credit, but this exclusion does not apply in any instance when the

customer, in order to obtain the refund, is required to purchase other property at

a price greater than the amount charged for the property that is returned. (c) The price received for labor or services used in installing or applying the property

sold. (d) The amount of any tax, not including any manufacturers' or importers' excise tax,

imposed by the United States upon or with respect to retail sales, whether imposed

upon the retailer or the consumer. (e) The amount of any allowance against the selling price given by a retailer for

the value of a used vehicle which is taken in trade on the purchase of another vehicle. 4. For purposes of the sales tax, if the retailers establish to the satisfaction of

the Tax Commission that the sales tax has been added to the total amount of the sale

price and has not been absorbed by them, the total amount of the sale price shall

be deemed to be the amount received exclusive of the tax imposed.