2011 Nevada Revised Statutes
Chapter 372 - Sales and Use Taxes
NRS 372.317 - Aircraft and major components of aircraft.
There are exempted from the taxes imposed by this chapter the gross receipts from the sale of aircraft and major components of aircraft, such as engines and other components made for use only in aircraft, to an air carrier which:
1. Holds a certificate to engage in air transportation issued pursuant to 49 U.S.C. 1371 and is not solely a charter air carrier or a supplemental air carrier as described in Title 49 of the United States Code; and
2. Maintains its central office in Nevada and bases a majority of its aircraft in Nevada.
[61.5:397:1955] (Added in 1986. Proposed by the 1985 Legislature; adopted by the people at the 1986 General Election, effective January 1, 1987. See Statutes of Nevada 1985, p. 1441.)
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