1. Except as otherwise provided in subsections 3 and 4, valuation of vehicles must be determined by the Department upon the basis of 35 percent of the manufacturer’s suggested retail price in Nevada excluding options and extras, as of the time the particular make and model for that year is first offered for sale in Nevada.

2. If the Department is unable to determine the manufacturer’s suggested retail price in Nevada with respect to any vehicle because the vehicle is specially constructed, or for any other reason, the Department shall determine the valuation upon the basis of 35 percent of the original retail price to the original purchaser of the vehicle as evidenced by such document or documents as the Department may require.

3. For each:

(a) Bus, truck, truck-tractor or combination of vehicles having a declared gross weight of 10,000 pounds or more; and

(b) Trailer or semitrailer having an unladen weight of 4,000 pounds or more,

the Department may use 85 percent of the original purchaser’s cost price in lieu of the manufacturer’s suggested retail price.

4. If the Department is unable to determine the original manufacturer’s suggested retail price in Nevada, or the original retail price to the purchaser, the Department may determine the original value of the vehicle on the basis of 50 cents per pound.

5. For motor carriers which register pursuant to the provisions of the Interstate Highway User Fee Apportionment Act, the Department may determine the original purchaser’s cost price of the vehicle on the basis of its declared gross weight in a manner which the Department finds appropriate and equitable.

(Added to NRS by 1963, 1119; A 1965, 978; 1977, 803; 1985, 1841; 1989, 1420)