Nevada § 372.348 - Claim of exemption: Nonprofit organization created for religious, charitable or educational purposes

§ 372.348. Claim of exemption: Nonprofit organization created for religious, charitable or educational purposes

1. Any nonprofit organization created for religious, charitable or educational purposes

that wishes to claim an exemption pursuant to NRS 372.326 , must file an application with the Department to obtain a letter of exemption. The application must be on a form and contain such information as is required by the

Department. 2. If the Department determines that the organization is created for religious, charitable

or educational purposes, it shall issue a letter of exemption to the organization.

The letter of exemption expires 5 years after the date on which it is issued by the

Department. At least 90 days before the expiration of the letter of exemption, the Department

shall notify the organization to whom the letter was issued of the date on which the

letter will expire. The organization may renew its letter of exemption for an additional 5 years by filing

an application for renewal with the Department. The application for renewal must be on a form and contain such information as is required

by the Department. 3. To claim an exemption pursuant to NRS 372.326 for the sale of tangible personal property to such an organization: (a) The organization must give a copy of its letter of exemption to the retailer from

whom the organization purchases the property; and (b) The retailer must retain and present upon request a copy of the letter of exemption. 4. The Department shall adopt such regulations as are necessary to carry out the provisions

of this section.