374.371 - Computation of amount of taxes due. - Nevada Statutes

374.371  Computation of amount of taxes due.  In determining the amount of taxes due pursuant to this chapter:

      1.  The amount due must be computed to the third decimal place and rounded to a whole cent using a method that rounds up to the next cent if the numeral in the third decimal place is greater than 4.

      2.  A retailer may compute the amount due on a transaction on the basis of each item involved in the transaction or a single invoice for the entire transaction.

      (Added to NRS by 2003, 2369; A 2005, 1778)