Nevada Administrative Code

NAC 360.650 Determination of need for adjustment: Requirements for review; notification of local government or special district; annual report of findings. (NRS 360.090, 360.695) 1. To determine whether an adjustment to the amount allocated to a local government or special distri…

NAC 360.700 Contact to schedule appointment; contents of auditor’s letter after contact; period covered by audit; written request for extension of commencement date or estimated completion date; consequences of failure to provide necessary records. (NRS 360.090, 360.232, 360.2915…

NAC 360.702 Taxpayer’s reliance on written advice; review of documentation by Director and recommendation to Commission regarding waiver of tax, interest or penalty. (NRS 360.090, 360.093, 360.294) 1. If a taxpayer provides written documentation during an audit that indicates tha…

NAC 360.704 Letter to taxpayer addressing audit issues upon completion of audit. (NRS 360.090) Upon completion of the audit, the Department shall issue a letter to the taxpayer setting forth: 1. The issues reviewed in the audit; 2. The period of time under review for each section…

NAC 360.706 Notice of deficiency determination; petition for redetermination; extension for filing petition; Department review; use of hearing officer; prehearing statement; extension for filing prehearing statement; notice of hearing; withdrawal of petition. (NRS 360.090, 360.35…

NAC 360.720 Definitions. (NRS 360.090, 360.250) As used in NAC 360.720 to 360.736, inclusive, unless the context otherwise requires, the words and terms defined in NAC 360.722, 360.724 and 360.726 have the meanings ascribed to them in those sections. (Added to NAC by Tax Comm’n b…

NAC 360.722 “Auditee” defined. (NRS 360.090, 360.250) “Auditee” means the responsible county officer who is the subject of a performance audit. (Added to NAC by Tax Comm’n by R039-10, eff. 8-13-2010)

NAC 360.724 “Performance audit” defined. (NRS 360.090, 360.250) “Performance audit” means a systematic and objective examination of evidence to provide an independent assessment of the performance of a responsible county officer in carrying out his or her responsibilities relatin…

NAC 360.726 “Responsible county officer” defined. (NRS 360.090, 360.250) “Responsible county officer” means any county assessor, auditor, comptroller, recorder or treasurer or other county officer having any responsibilities relating to the preparation of the assessment roll or t…

NAC 360.728 Periodic conduct of audits by Department; qualifications of employees conducting audits. (NRS 360.090, 360.250) 1. The Department shall periodically conduct performance audits of selected books, accounts and other records of responsible county officers in each county …

NAC 360.730 Duties of responsible county officers and their staff; maintenance of confidentiality by Department. (NRS 360.090, 360.250) 1. Every responsible county officer and member of the staff of a responsible county officer shall: (a) Aid and assist the Department at such tim…

NAC 360.732 Preliminary report of Department; statement of explanation or rebuttal by auditee; presentation and dissemination of final written report. (NRS 360.090, 360.250) 1. The Department shall furnish a copy of the preliminary report of a performance audit to the auditee and…

NAC 360.734 Plan for corrective action: Notification by Commission; submission by auditee; duties of Department. (NRS 360.090, 360.250) 1. The Commission shall notify an auditee of its acceptance of a final written report of a performance audit by the Department that concerns the…

NAC 360.736 Report following submission of plan for corrective action: Duties of auditee and Department; review by Commission. (NRS 360.090, 360.250) 1. Each auditee who submits a plan pursuant to NAC 360.734 shall, within 6 months after the submission of the plan, submit to the …

NAC 360.800 Definitions. (NRS 360.759) As used in NAC 360.800 to 360.865, inclusive, unless the context otherwise requires, the words and terms defined in NRS 360.7581 to 360.7586, inclusive, and NAC 360.805 to 360.820, inclusive, have the meanings ascribed to them in those secti…

NAC 360.805 “Certificate of eligibility” defined. (NRS 360.759) “Certificate of eligibility” means a certificate of eligibility for transferable tax credits. (Added to NAC by Office of Economic Dev. by R120-13, eff. 12-23-2013)

NAC 360.807 “Certificate of transferable tax credits” defined. (NRS 360.759) “Certificate of transferable tax credits” means a certificate of transferable tax credits issued by the Office pursuant to NRS 360.759 and NAC 360.845. (Added to NAC by Office of Economic Dev. by R062-22…

NAC 360.810 “Executive Director” defined. (NRS 360.759) “Executive Director” means the Executive Director of the Office. (Added to NAC by Office of Economic Dev. by R120-13, eff. 12-23-2013)

NAC 360.815 “Office” defined. (NRS 360.759) “Office” means the Office of Economic Development. (Added to NAC by Office of Economic Dev. by R120-13, eff. 12-23-2013)

NAC 360.820 “Transferable tax credits” defined. (NRS 360.759) “Transferable tax credits” means transferable tax credits issued by the Office pursuant to NRS 360.759. (Added to NAC by Office of Economic Dev. by R120-13, eff. 12-23-2013)

NAC 360.825 “Other visible media productions” interpreted. (NRS 360.759) For the purposes of determining whether a production is a qualified production pursuant to NRS 360.7586, the Office interprets the term “other visual media productions,” as used in paragraph (k) of subsectio…

NAC 360.830 Certificate of eligibility: Application; priorities for approval; reasons for denial. (NRS 360.759) 1. Transferable tax credits may not be applied to any of the fees and taxes specified in NRS 360.759 unless the Office has issued a certificate of eligibility. 2. To ob…

NAC 360.835 Certificate of eligibility: Duties of Office upon receipt of application; hearing on application; criteria for issuance of order approving application; factors for determining whether qualified production is in economic interest of State. (NRS 360.759) 1. Upon receipt…

NAC 360.840 Certificate of transferable tax credits: Executive Director may request additional records; audit and other information required to determine eligibility for transferable tax credits. (NRS 360.759) 1. The Executive Director may request that a production company that p…

NAC 360.845 Certificate of transferable tax credits: Issuance; notice of transfer. (NRS 360.759) 1. Within 60 business days after receipt of the audit of the qualified production required by paragraph (a) of subsection 2 of NAC 360.840 and any other financial data, accountings or…

NAC 360.847 Notices to Department of issuance and transfer of transferable tax credits; manner of applying credits to taxes due. (NRS 360.759) 1. If the Office certifies the audit provided by a production company pursuant to paragraph (a) of subsection 2 of NAC 360.840 and determ…

NAC 360.850 Apportionment of transferable tax credits. (NRS 360.759) The Office may apportion the amount of transferable tax credits available in a fiscal year, as determined pursuant to NRS 360.7594, to periods within that fiscal year as the Office deems advisable. (Added to NAC…

NAC 360.855 Calculation of amount of transferable tax credits: Qualified expenditures and production costs eligible to serve as basis for calculation. (NRS 360.759, 360.7591) 1. For the purpose of calculating the amount of transferable tax credits available to an eligible product…

NAC 360.860 Calculation of amount of transferable tax credits: Expenditures for wages and salaries. (NRS 360.759, 360.7591, 360.7594) 1. For the purpose of calculating the amount of transferable tax credits available to an eligible production company pursuant to NRS 360.7591 to 3…

NAC 360.863 Calculation of amount of transferable tax credits: Manner of calculating amount of qualified direct production expenditures for cost of tangible personal property acquired by production company as an asset. (NRS 360.759, 360.7591) 1. If any tangible personal property …

NAC 360.865 Reduction or withholding of credits under certain circumstances; repayment of amount of credits under certain circumstances; circumstances under which Office will not require forfeiture of credits purchased in good faith. (NRS 360.759, 360.7591) 1. In calculating the …

NAC 360.870 Definitions. (NRS 360.090, 360.867) As used in NAC 360.870 to 360.896, inclusive, unless the context otherwise requires, the words and terms defined in NAC 360.875, 360.884 and 360.886 have the meanings ascribed to them in those sections. (Added to NAC by Tax Comm’n b…

NAC 360.875 “Division” defined. (NRS 360.090, 360.867) “Division” means the Housing Division of the Department of Business and Industry. (Added to NAC by Tax Comm’n by R074-20, eff. 4-11-2022)

NAC 360.880 “Project sponsor” defined. (NRS 360.090, 360.867) “Project sponsor” has the meaning ascribed to it in NRS 360.865. (Added to NAC by Tax Comm’n by R074-20, eff. 4-11-2022)

NAC 360.884 “Transferable tax credits” defined. (NRS 360.090, 360.867) “Transferable tax credits” means transferable tax credits issued by the Division pursuant to NRS 360.867. (Added to NAC by Tax Comm’n by R074-20, eff. 4-11-2022)

NAC 360.886 “Transferee” defined. (NRS 360.090, 360.867) “Transferee” means a person to whom transferable tax credits have been or will be transferred. (Added to NAC by Tax Comm’n by R074-20, eff. 4-11-2022)

NAC 360.890 Requirements for notification by Division to Department of issuance or transfer of transferable tax credits. (NRS 360.090, 360.867) A notification by the Division to the Department of the issuance or transfer of transferable tax credits pursuant to subparagraph (3) of…

NAC 360.894 Application of transferable tax credits to amount of taxes due: Offset; information on quarterly tax return; limitation. (NRS 360.090, 360.867) 1. A holder of transferable tax credits who is applying such credits to an amount of taxes due pursuant to chapter 363A, 363…

NAC 360.896 Notice to Department of used transferable tax credits to which project sponsor not entitled; issuance by Department of notice of liability; notice to Department of fraudulent information submitted by transferee; transferable tax credits subject to forfeiture or repaym…

NAC 360A.010 “Good cause” defined. (NRS 360A.020) As used in this chapter, unless the context otherwise requires, “good cause” means a circumstance that is beyond the control of a taxpayer and occurs despite the exercise of ordinary care and without willful neglect. The term incl…

NAC 360A.150 Submission of method of payment dishonored as result of error or fault of financial institution. (NRS 360A.020) 1. If a check or other method of payment submitted to the Department for payment of any tax or fee required by chapter 365, 366 or 373 of NRS or NRS 590.12…

NAC 360A.160 Waiver or reduction of interest or penalty. (NRS 360A.020, 360A.070) 1. A taxpayer who wishes to obtain relief from all or part of any interest or penalty, or both, must file an application with the Department. The application must: (a) Comply with the provisions of …

NAC 360A.170 Agreement for payment in installments: Prerequisites; compliance with previous agreement. (NRS 360A.020, 360A.080) 1. A taxpayer who wishes to enter into an agreement with the Department to pay a tax, fee, interest or penalty in installments pursuant to NRS 360A.080 …

NAC 360A.180 Agreement for payment in installments: Duties of taxpayer before execution by Department. (NRS 360A.020, 360A.080) 1. If the Department offers to enter into an agreement with a taxpayer to pay a tax, fee, interest or penalty in installments pursuant to NRS 360A.080, …

NAC 360A.190 Offsetting of overpayments: “Careless reporting” interpreted. (NRS 360A.020, 360A.110) 1. As used in NRS 360A.110, the term “careless reporting” includes, without limitation: (a) Any alteration of the dates of fueling, types of fuel or amounts of fuel on a tax return…

NAC 360A.200 Petition for redetermination: General requirements; request for oral hearing; withdrawal. (NRS 360A.020, 360A.160, 360A.170, 360A.180) 1. Except as otherwise provided in NAC 360A.210, a taxpayer who receives notice of a deficiency determination pursuant to NRS 360A.1…

NAC 360A.210 Petition for redetermination: Request for extension of time to file. (NRS 360A.020, 360A.160) 1. A taxpayer who receives notice of a deficiency determination pursuant to NRS 360A.140 and wishes to obtain a redetermination, but is unable to file a petition for a redet…