365.220 - Exempt transactions and sales. - Nevada Statutes

365.220  Exempt transactions and sales.  The provisions of this chapter requiring the payment of excise taxes do not apply to:

      1.  Motor vehicle fuel if it remains in interstate or foreign commerce.

      2.  Motor vehicle fuel, except aviation fuel, exported from this State by a supplier.

      3.  Aviation fuel or fuel for jet or turbine-powered aircraft exported from this State by a dealer.

      4.  Motor vehicle fuel or fuel for jet or turbine-powered aircraft sold to the United States Government for official use of the United States Armed Forces.

      5.  Motor vehicle fuel, other than aviation fuel, distributed or delivered on the order of the owner, to a supplier, or aviation fuel or fuel for jet or turbine-powered aircraft distributed or delivered on the order of the owner, to a dealer, if the dealer or supplier has furnished security in the amount prescribed in NRS 365.290 and has established to the satisfaction of the Department that the security is sufficient to ensure payment of all excise taxes as they may become due to the State from the dealer or supplier under this chapter. Every dealer or supplier who claims an exemption shall report the distributions to the Department in such detail as the Department may require. If the dealer or supplier does not do so, the exemption granted in this subsection is void and all fuel is considered distributed in this State subject fully to the provisions of this chapter.

      6.  Leaded racing fuel. As used in this subsection, “leaded racing fuel” means motor vehicle fuel that contains lead and is produced for motor vehicles that are designed and built for racing and not for operation on a public highway.

      [4.1:74:1935; added 1951, 199; A 1953, 326] + [Part 5:74:1935; A 1949, 500; 1951, 208; 1953, 326; 1955, 170]—(NRS A 1975, 1693; 1983, 1018; 1989, 1069; 1997, 355; 1999, 1011)