Senate Bill No. 528–Committee on Taxation

 

March 26, 2001

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Referred to Committee on Taxation

 

SUMMARY—Clarifies provisions relating to taxation of medical devices sold to governmental entities. (BDR 32‑1134)

 

FISCAL NOTE:    Effect on Local Government: No.

                                 Effect on the State: No.

 

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EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted.

 

AN ACT relating to taxation; clarifying the provisions relating to the taxation of medical devices sold to governmental entities; and providing other matters properly relating thereto.

 

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN

SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

 

1-1    Section 1. Chapter 372 of NRS is hereby amended by adding thereto a

1-2  new section to read as follows:

1-3    In administering the provisions of NRS 372.325, the department shall

1-4  apply the exemption for the sale of a medical device to a governmental

1-5  entity that is exempt pursuant to that section without regard to whether

1-6  the person using the medical device or the governmental entity that

1-7  purchased the device is deemed to be the holder of title to the device.

1-8    Sec. 2.  Chapter 374 of NRS is hereby amended by adding thereto a

1-9  new section to read as follows:

1-10    In administering the provisions of NRS 374.330, the department shall

1-11  apply the exemption for the sale of a medical device to a governmental

1-12  entity that is exempt pursuant to that section without regard to whether

1-13  the person using the medical device or the governmental entity that

1-14  purchased the device is deemed to be the holder of title to the device.

1-15    Sec. 3.  This act becomes effective upon passage and approval.

 

1-16  H