CHAPTER 706 - MOTOR CARRIERS

NAC 706.401958 Fixed assets: Account for leasehold improvements. (NRS 706.167, 706.171) The account for leasehold improvements must include the cost of all additions to and improvements of property leased from others. All entries must be made with sufficient detail to allow ready…

NAC 706.401959 Fixed assets: Account for shop and garage equipment. (NRS 706.167, 706.171) 1. The account for shop and garage equipment must include the cost of all hoists, electric motors, lathes, drill presses, air compressor equipment, tire changing equipment, wheel alignment …

NAC 706.40196 Fixed assets: Account for furniture and office equipment. (NRS 706.167, 706.171) The account for furniture and office equipment must include the cost of all: 1. Office furniture; 2. Business machines; and 3. Equipment not permanently attached to the building, Ê that…

NAC 706.401961 Fixed assets: Limousine account. (NRS 706.167, 706.171) Except as otherwise provided in this section, the limousine account must include the cost of all limousines devoted to the operations of a limousine company, including the cost of painting and the first set of…

NAC 706.401962 Fixed assets: Account for other automotive equipment. (NRS 706.167, 706.171) The account for other automotive equipment must include the cost of all motor vehicles, other than limousines, that are used in connection with the operations of a limousine company. (Adde…

NAC 706.401963 Fixed assets: Account for radio and telephonic equipment. (NRS 706.167, 706.171) Except as otherwise provided in this section, the account for radio and telephonic equipment must include the cost of all radio and telephonic equipment owned by the company that is de…

NAC 706.401964 Account for other fixed assets. (NRS 706.167, 706.171) The account for other fixed assets must include the cost of all tangible property and equipment devoted to the limousine operations of the company for which a separate account has not been otherwise provided in…

NAC 706.401965 Account for total depreciation and amortization allowance. (NRS 706.167, 706.171) 1. For the purpose of general ledgers, the account for total depreciation and amortization allowance must be treated as a single composite provision for depreciation and amortization.…

NAC 706.401966 Accounts for organizational expense and deferred charges. (NRS 706.167, 706.171) 1. The account for organizational expense must include the original cost of organizing the company. 2. The account for deferred charges must include all debits for which a separate acc…

NAC 706.401967 Accounts for other assets. (NRS 706.167, 706.171) 1. The investment account must include: (a) The book cost of investments made for a period or periods of more than 1 year in duration in securities, notes, mortgages and other items, of both associated companies and…

NAC 706.401968 Account for current and accrued liabilities. (NRS 706.167, 706.171) 1. Except as otherwise provided in this section, the account for current and accrued liabilities must include, without limitation, obligations that have matured or become due within 1 year after th…

NAC 706.401969 Accounts for notes payable. (NRS 706.167, 706.171) 1. The account for short-term notes payable must include: (a) Amounts owing on notes, drafts, acceptances or other similar evidences of indebtedness that are payable on demand or within 1 year after the date of iss…

NAC 706.40197 Accounts for accounts payable, open accident or crash liabilities and contracts payable. (NRS 706.167, 706.171) 1. The account for accounts payable must include all amounts for goods and services received by the company which are payable within 1 year after the date…

NAC 706.401971 Accounts for accrued salaries and wages and for accrued vacation pay. (NRS 706.167, 706.171) 1. The account for accrued salaries and wages must include the gross amount of salaries or wages earned but not paid at the end of the month. 2. The account for accrued vac…

NAC 706.401972 Accounts for payroll taxes withheld and accrued and for accrued payroll benefits. (NRS 706.167, 706.171) 1. The account for payroll taxes withheld and accrued must include all amounts withheld from the wages or salaries of employees that are payable to a government…

NAC 706.401973 Account for accrued taxes and licenses. (NRS 706.167, 706.171) 1. The account for accrued taxes and licenses must be credited with the amount of taxes accrued during the accounting period, other than payroll taxes and federal income taxes that must be credited appr…

NAC 706.401974 Account for accrued interest. (NRS 706.167, 706.171) The account for accrued interest must include the amount of interest accrued but not due on all liabilities of the company, other than interest added to the principal of the debt on which incurred. The account fo…

NAC 706.401975 Account for other current liabilities. (NRS 706.167, 706.171) The account for other current liabilities must include the balances in all open accounts representing current liabilities that are not specifically provided for in the accounts described in NAC 706.40196…

NAC 706.401976 Accounts for deferred credits, dividends payable and mortgage payable. (NRS 706.167, 706.171) 1. The account for deferred credits must include advance billings and receipts and other deferred credit items not provided for elsewhere in the uniform system of accounts…

NAC 706.401977 Account for accrued federal income taxes. (NRS 706.167, 706.171) 1. The account for accrued federal income taxes must include the amount of federal income taxes accrued during the accounting period. Concurrent charges for tax accruals must be made to the account fo…

NAC 706.401978 Accounts for long-term liabilities. (NRS 706.167, 706.171) 1. The account for total long-term notes payable must include: (a) The face value of each note which, by the terms of its creation, matures more than 1 year after the date of issue or assumption; and (b) Th…

NAC 706.401979 Incorporated companies: Net worth. (NRS 706.167, 706.171) If a company is an incorporated company, the company shall keep the following accounts as a record of its net worth: 1. An account for common stock. 2. An account for preferred stock, which must include for …

NAC 706.40198 Unincorporated companies: Net worth. (NRS 706.167, 706.171) 1. Notwithstanding any provision of the uniform system of accounts for limousine operations to the contrary, a company that is organized in any form other than an incorporated company, including, without li…

NAC 706.401981 Accounts for operating revenue. (NRS 706.167, 706.171) 1. The account for limousine fares must include all revenues derived from the transportation of passengers, their luggage and packages. 2. The account for sundry operating revenues must: (a) Include revenues de…

NAC 706.401982 Accounts for operating expense. (NRS 706.167, 706.171) 1. The account for drivers’ supervision salaries must include the salaries paid to persons employed in supervising drivers of limousines. If only a portion of an employee’s time is spent supervising, the approp…

NAC 706.401983 Accounts for dispatch expense. (NRS 706.167, 706.171) 1. The account for dispatchers’ wages must include all wages incurred resulting from providing dispatching service. 2. The account for dispatchers’ vacation pay must include all vacation pay paid to dispatchers.…

NAC 706.401984 Accounts for shop and garage expense. (NRS 706.167, 706.171) The following accounts must be used by each company maintaining a shop or facilities for the repair and maintenance of company limousines: 1. The account for supervisors’ salaries for shop and garage, whi…

NAC 706.401985 Accounts for general and administrative expense: Salaries; vacation pay; payroll taxes; benefits. (NRS 706.167, 706.171) 1. The account for management salaries must include all compensation, salaries, bonuses and other consideration paid or payable to officers, man…

NAC 706.401986 Accounts for general and administrative expense: General taxes. (NRS 706.167, 706.171) 1. The account for general taxes must include the costs of all taxes, permits or licenses incurred on or for property owned by the company and devoted to the limousine operations…

NAC 706.401987 Accounts for general and administrative expense: Amortization; depreciation; insurance; bad debts. (NRS 706.167, 706.171) 1. The account for amortization of leasehold improvements must include the amount of amortization applicable to all assets included in the acco…

NAC 706.401988 Accounts for general and administrative expense: Rentals; repairs and maintenance. (NRS 706.167, 706.171) 1. The account for rent must include: (a) All costs incurred by the company in the rental or leasing of buildings, offices and other property devoted to the li…

NAC 706.401989 Accounts for general and administrative expense: Advertising; contract services. (NRS 706.167, 706.171) 1. The advertising account must include the cost of labor, materials used and expenses incurred in any advertising not included in the account for advertising an…

NAC 706.40199 Accounts for general and administrative expense: Regulatory expenses. (NRS 706.167, 706.171) The account for regulatory expenses must include: 1. All expenses, except for the pay of regular employees engaged in such work, properly included in company operating expen…

NAC 706.401991 Accounts for general and administrative expense: Transferred internal costs. (NRS 706.167, 706.171) The account for transferred internal costs must include internal costs transferred from the other functional divisions to general and administrative expenses. Costs …

NAC 706.401992 Accounts for general and administrative expense: Office, telephone, travel, utility and miscellaneous expenses. (NRS 706.167, 706.171) 1. The account for office expenses must include all costs for office supplies and miscellaneous office expenses incurred in connec…

NAC 706.401993 Accounts for other nonoperating income. (NRS 706.167, 706.171) 1. The account for interest earned must include all money earned from savings accounts, interest-bearing loans and notes receivable. 2. The account for discounts earned: (a) Must include all discounts e…

NAC 706.401994 Accounts for other nonoperating expenses. (NRS 706.167, 706.171) 1. The account for interest expense must include all expenses for interest paid or accrued on short-term or long-term loans or notes payable. 2. The account for loss on sale of assets, other than auto…

NAC 706.401995 Income statement accounts. (NRS 706.167, 706.171) 1. The account for net income before federal taxes must be an income statement account that reflects the difference between the sum of all income accounts and the sum of all expenses, before arriving at a figure for…

NAC 706.402 Definitions. (NRS 706.171) As used in NAC 706.402 to 706.442, inclusive, unless the context otherwise requires, the words and terms defined in NAC 706.4022 to 706.4026, inclusive, have the meanings ascribed to them in those sections. (Added to NAC by Pub. Service Comm…

NAC 706.4022 “Nonconsensual tow” defined. (NRS 706.171) “Nonconsensual tow” means the towing of a vehicle by a tow car without the prior consent of the owner or operator of that vehicle. (Added to NAC by Transportation Serv. Auth. by R080-00, eff. 7-26-2000)

NAC 706.4024 “Operator of a tow car” defined. (NRS 706.171) “Operator of a tow car” means the owner, manager, employee or agent of a company operating a tow car that holds a certificate of public convenience and necessity issued by the Authority. (Added to NAC by Transportation S…

NAC 706.4025 “Residential complex” defined. (NRS 706.171, 706.4477) “Residential complex” has the meaning ascribed to it in subsection 11 of NRS 706.4477. (Added to NAC by Nev. Transportation Auth. by R091-18, eff. 12-19-2018)

NAC 706.4026 “Tow at the request of a law enforcement agency” defined. (NRS 706.171) “Tow at the request of a law enforcement agency” means the towing of a vehicle that is: 1. Impounded after an arrest; 2. Impounded after a traffic crash; 3. Impounded because the vehicle has been…

NAC 706.404 Annual fee for operation of tow car. (NRS 706.171, 706.451) The annual fee charged by the Authority pursuant to NRS 706.451 will be $36 for each tow car operated. (Added to NAC by Pub. Service Comm’n, eff. 12-16-91; A by Transportation Serv. Auth. by R071-98, 10-28-98…

NAC 706.405 Plate for tow car; fee for replacement plate. (NRS 706.171, 706.321) 1. A plate for a tow car will be issued for each tow car in service. 2. The plate for a tow car must be placed next to the State of Nevada license plate on the tow car. 3. The plate for a tow car mus…

NAC 706.406 Categories of tariffs. (NRS 706.171, 706.321) Tariffs for tow cars filed with the Authority will be divided into the following categories: 1. CATEGORY A: Towing or removing a vehicle at the request of a law enforcement agency which requires the use of a tow car with a…

NAC 706.407 Model tariff for nonconsensual tows. (NRS 706.171, 706.321) The Authority will adopt a model tariff for nonconsensual tows which includes, without limitation, rules and definitions. In addition to the requirements for tariffs and supplements set forth in NAC 706.1385,…