Nevada Auction and Auctioneer Laws

Nevada Auction and Auctioneer Laws.
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Nevada Department of Taxation Cannot Levy State Sales Tax from an Auctioneer Selling Property of the United States at Auction

An Auctioneer who is involved in an auction sale of federal surplus property is not a ‘retailer’ within the meaning of the Nevada sales tax laws.  Therefore, s/he cannot be taxed when it sells property owned by the U.S.  In Reynolds Elec. & Eng'r Co. v. Nevada Dep't of Taxation, 930 P.2d 746 (Nev. 1997), the Nevada Supreme Court had to decide if an auctioneer who...

When Sale of Auction Lot Final Nevada

Nevada Revised Statutes Annotated Title 8. Commercial Instruments and Transactions (Chapters 97-104A) Chapter 104. Uniform Commercial Code--Original Articles (Refs & Annos) Article 2. Sales (Refs & Annos) Part 3. General Obligation and Construction of Contract 104.2328. Sale by auction 1. In a sale by auction if goods are put up in lots each lot is the subject of a separate sale. 2....

Items 1 - 2 of 2
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