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Is the lease or rental of tangible personel property taxable?

April 26, 2017lease personel Property rental Tangible taxable

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Is the lease or rental of tangible personel property taxable?

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Yes. Sales tax is due from the lessee on all tangible personal property leased or rented. An option is given on how to pay this tax. Sales Tax can be paid on the total cost at time of purchase of the property, or Sales Tax can be paid on the total lease or rental charges within this State. NRS 372.060, 372.085, 372.105, 372.