Nevada Sales Tax
Nevada Sales Tax Facts
The Nevada sales tax structure is characterized by a number of laws and other considerations. The Nevada sales tax is levied on the sale of all physical commodities in the state. Nevada sales tax gets included in the price of any item that is being sold in the state of Nevada.
The laws make it necessary that the words "Nevada sales tax is included" are clearly mentioned in the price tags of the commodities. If in the price tag nothing is mentioned about the sales tax then it would be assumed that the mentioned price is that of the commodity only.
In the state of Nevada, sales tax could be charged on the expenses of any form of transportation if it is carrying a physical personal commodity, which is meant for sale. In Nevada, sales taxes are imposed on any commodity that is meant for commercial transaction.
The goods, merchandise and wares are the principal taxable commodities in Nevada. The properties that are meant to be leased also come under the purview of taxation in Nevada. However a large number of food items are not subject to taxation in Nevada.
Nevada Resale Certificate
The buyers issue the resale certificates in Nevada to the marketers when they buy a certain product with the intention of selling or reselling it. These are basically issued in good faith. With these the buyer makes it clear to the marketer that the product is being purchased to be resold.
The marketers use these certificates in future transactions with the same buyer, with the intention of providing him with sales tax exemptions. As per laws it is necessary to update the resale certificates after every two years.
Sales Tax Rate in Nevada
The standard sales tax rate in Nevada is 6.5%. In Nevada the counties are entitled to assess the sales tax in combination with the option taxes. This makes the sales tax in certain parts of Nevada as high as 7.75%.
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Last Updated on : 5th July 2013