Maximum amount; separately stated on invoices; authorized use.

NRS 361.826 Maximum amount; separately stated on invoices; authorized use. 1. Except as otherwise provided in NRS 361.828, a heavy equipment rental company may impose a recovery fee in an amount not to exceed 2 percent of the rental charge for the rental of heavy equipment rental property to a renter. 2. The amount of any recovery fee imposed pursuant to subsection 1 must be separately stated on an invoice provided to a renter of heavy equipment rental property. 3. A heavy equipment rental company that imposes a recovery fee pursuant to subsection 1 shall: (a) Hold the amount of all recovery fees collected in a separate account; and (b) Use the money in the separate account only to offset any taxes imposed pursuant to this chapter on heavy equipment rental property. (Added to NRS by 2025, 1135)