NRS371.060. Schedules for depreciation; minimum amount of tax. [Effective January 1, 2015.]

      1.  Except as otherwise provided in subsection 2 and subsection 2 of NRS 371.040, each vehicle must be depreciated by the Department for the purposes of the annual governmental services tax according to the following schedule:

                                                                                                                          Percentage of

   Age                                                                                                                  Initial Value

 

New............................................................................................................. 100 percent

1 year............................................................................................................ 95 percent

2 years.......................................................................................................... 85 percent

3 years.......................................................................................................... 75 percent

4 years.......................................................................................................... 65 percent

5 years.......................................................................................................... 55 percent

6 years.......................................................................................................... 45 percent

7 years.......................................................................................................... 35 percent

8 years.......................................................................................................... 25 percent

9 years or more........................................................................................... 15 percent

 

      2.  Except as otherwise provided in subsection 2 of NRS 371.040, each bus, truck or truck-tractor having a declared gross weight of 10,000 pounds or more and each trailer or semitrailer having an unladen weight of 4,000 pounds or more must be depreciated by the Department for the purposes of the annual governmental services tax according to the following schedule:

                                                                                                                          Percentage of

   Age                                                                                                                  Initial Value

 

New............................................................................................................. 100 percent

1 year............................................................................................................ 85 percent

2 years.......................................................................................................... 69 percent

3 years.......................................................................................................... 57 percent

4 years.......................................................................................................... 47 percent

5 years.......................................................................................................... 38 percent

6 years.......................................................................................................... 33 percent

7 years.......................................................................................................... 30 percent

8 years.......................................................................................................... 27 percent

9 years.......................................................................................................... 25 percent

10 years or more......................................................................................... 23 percent

 

      3.  Notwithstanding any other provision of this section, the minimum amount of the governmental services tax:

      (a) On any trailer having an unladen weight of 1,000 pounds or less is $3; and

      (b) On any other vehicle is $16.

      4.  For the purposes of this section, a vehicle shall be deemed a “new” vehicle if the vehicle has never been registered with the Department and has never been registered with the appropriate agency of any other state, the District of Columbia, any territory or possession of the United States or any foreign state, province or country.

      (Added to NRS by 1963, 1119; A 1967, 358; 1969, 185; 1971, 6; 1985, 1842; 1995, 754; 2001, 291; 2009, 2190; 2013, 2864, effective January 1, 2015)