Nevada § 374.245 - Liability of purchaser giving resale certificate for use of article bought for resale
Full text of Nevada Nevada Revised Statutes § 374.245 — Liability of purchaser giving resale certificate for use of article bought for resale, with citation guidance and answers to common questions.
§ 374.245. Liability of purchaser giving resale certificate for use of article bought for resale
If a purchaser who gives a certificate makes any storage or use of the property other
than retention, demonstration or display while holding it for sale in the regular
course of business, the storage or use is taxable as of the time the property is first
so stored or used. If the sole use of the property, other than retention, demonstration or display in
the regular course of business, is the rental of the property while holding it for
sale, the purchaser may elect to pay the tax on the use measured by the amount of
the rental charged rather than the sales price of the property to him or her.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 374.245
What does Nevada Revised Statutes § 374.245 cover?
Section 374.245 ("Liability of purchaser giving resale certificate for use of article bought for resale") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 374.245?
A common citation format is "Nevada Revised Statutes § 374.245" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 374.245 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.