Nevada Revised Statutes 372.305 – Personal property used for performance of contract on public works executed before July 1, 1955
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There are exempted from the taxes imposed by this chapter the gross receipts from the sale of, and the storage, use or other consumption in this State of, tangible personal property used for the performance of a contract on public works executed prior to July 1, 1955.
Terms Used In Nevada Revised Statutes 372.305
- Contract: A legal written agreement that becomes binding when signed.
- Personal property: All property that is not real property.