Section 372.050 - Credit sales1. If tangible personal property is sold on credit, either under a conditional sale or lease contract or otherwise, the whole amount of the contract is taxable unless the retailer keeps adequate and complete records to show separately the sales price of the tangible personal property, and the insurance, interest, finance, carrying and other charges made in the contract. If such records are kept by the retailer, the insurance, interest, finance and carrying charges may be excluded from the computation of the tax.2. The total amount of the tax on the entire sales price in credit transactions is due on the due date of the return to be filed after the close of the reporting period in which the sale was made.3. No reduction in the amount of tax payable by the retailer is allowable by reason of his or her transfer at a discount of a conditional sale or lease contract or other evidence of indebtedness.Nev. Admin. Code § 372.050
Tax Comm'n, Combined Sales and Use Tax Ruling No. 35, eff. 3-1-68