42-19005. Property leased or rented from
inventory


A. Subject to section 42-19103, personal property that is periodically leased or
rented from the inventory of retailers or wholesalers shall be assessed in the same
manner as other personal property included in class one pursuant to sections 42-12001 and
42-15001.


B. The department shall:


1. Establish the method of determining the valuation of such property.


2. Prescribe all forms and reports required under this section.


C. Each retailer and wholesaler that leases or rents personal property from its
inventory shall file an affidavit of particulars with the county assessor not later than
the tenth day of each month for the preceding month's activity.


D. This section does not apply to property that is owned and held by persons
primarily engaged in the business of renting personal property.