Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE32 REVENUE AND TAXATION |
CHAPTER360B. Sales and Use Tax Administration |
STREAMLINED SALES AND USE TAX AGREEMENT |
Construction of Common Terms |
NRS360B.435. “Drug” construed.
Latest version.
- “Drug” means a compound, substance or preparation, and any component of a compound, substance or preparation, other than a food, a food ingredient, a dietary supplement and an alcoholic beverage, which is:
1. Recognized in the official United States Pharmacopoeia, official Homeopathic Pharmacopoeia of the United States, or official National Formulary, or in any supplement thereto;
2. Intended for use in the diagnosis, cure, mitigation, treatment or prevention of disease; or
3. Intended to affect the structure or any function of the body.
(Added to NRS by 2005, 1769)