Nevada Administrative Code

NAC 362.090 Report of amount of net proceeds of minerals taxes plus pro rata penalties and interest; distribution. (NRS 360.090, 362.170) 1. The Department shall report to the State Controller pursuant to NRS 362.170 on or before May 25 the amount of any net proceeds of minerals …

NAC 362.200 Definitions. (NRS 360.090, 362.120) As used in NAC 362.200 to 362.310, inclusive, unless the context otherwise requires, the words and terms defined in NAC 362.210 to 362.290, inclusive, have the meanings ascribed to them in those sections. (Added to NAC by Tax Comm’n…

NAC 362.210 “Closure of a mine” defined. (NRS 360.090, 362.120) “Closure of a mine” means the time at which: 1. The revegetation, treatment and rehabilitation of the site of the mine have been completed; 2. Any excess chemical solutions have been eliminated from the site of the m…

NAC 362.250 “Reclamation” defined. (NRS 360.090, 362.120) “Reclamation” means actions performed during or after a mining operation or developmental work which are consistent with the provisions of NRS concerning mines and minerals, and any regulations adopted pursuant thereto, an…

NAC 362.270 “Reclamation plan” defined. (NRS 360.090, 362.120) “Reclamation plan” means a plan for reclamation, and any amendments or modifications thereto, which is approved by: 1. The Division of Environmental Protection of the State Department of Conservation and Natural Resou…

NAC 362.280 “Reporting period” defined. (NRS 360.090, 362.120) “Reporting period” means the calendar year for which the statement required by NRS 362.110 is filed. (Added to NAC by Tax Comm’n by R161-05, eff. 2-23-2006)

NAC 362.290 “Taxpayer” defined. (NRS 360.090, 362.120) “Taxpayer” means a person who is required by the Department to pay a tax on the net proceeds of any mineral extracted in this State pursuant to chapter 362 of NRS. (Added to NAC by Tax Comm’n by R161-05, eff. 2-23-2006)

NAC 362.310 Allowable deduction. [Effective through December 31, 2015.] (NRS 360.090, 362.120) A taxpayer may claim a deduction pursuant to paragraph (k) of subsection 3 of NRS 362.120 for any money paid during the reporting period for reclamation performed by the taxpayer. (Adde…

NAC 362.350 Definitions. (NRS 360.090, 362.120) As used in NAC 362.350 to 362.370, inclusive, unless the context otherwise requires, the words and terms defined in NAC 362.352 to 362.366, inclusive, have the meanings ascribed to them in those sections. (Added to NAC by Tax Comm’n…

NAC 362.352 “Field” defined. (NRS 360.090, 362.120) “Field” means the area of operations from which a geothermal resource is extracted and transported before any further beneficiation of the geothermal resource occurs. (Added to NAC by Tax Comm’n by R012-07, eff. 10-31-2007)

NAC 362.354 “Mining function” defined. (NRS 360.090, 362.120) “Mining function” means any activity relating to the extraction of a geothermal resource, including, but not limited to, any drilling, pumping, reinjection, roadwork or transportation of the geothermal resource, if the…

NAC 362.356 “Plant” defined. (NRS 360.090, 362.120) “Plant” means any facility at which the processing of a geothermal resource occurs, including, without limitation, a plant for generating power. (Added to NAC by Tax Comm’n by R012-07, eff. 10-31-2007)

NAC 362.358 “Processing” defined. (NRS 360.090, 362.120) “Processing” means any activity that occurs beyond the inlet of a plant that: 1. Changes the physical or chemical characteristics of the production stream of a geothermal resource; or 2. Enhances the marketability of the pr…

NAC 362.360 “Processing allowance” defined. (NRS 360.090, 362.120) “Processing allowance” means any cost associated with converting a geothermal resource into any electricity, heat or other by-product. The term includes, without limitation, any cost associated with an activity oc…

NAC 362.362 “Repowering” defined. (NRS 360.090, 362.120) “Repowering” means to: 1. Remove any inefficient, obsolete or aging equipment that is used in the production stream of a geothermal resource; and 2. Replace that equipment with any new technology or equipment that increases…

NAC 362.364 “Transaction” defined. (NRS 360.090, 362.120) “Transaction” means a bona fide transaction conducted at arms length involving a geothermal resource at the wellhead. (Added to NAC by Tax Comm’n by R012-07, eff. 10-31-2007)

NAC 362.366 “Transportation allowance” defined. (NRS 360.090, 362.120) “Transportation allowance” means any cost incurred for the movement of a geothermal resource that is converted to any electricity, heat or other by-product, if the movement of the geothermal resource is perfor…

NAC 362.368 Determination of gross yield. (NRS 360.090, 362.120) 1. To assess and tax the net proceeds of an operating facility which extracts geothermal resources, the gross yield of the geothermal resources must be determined pursuant to this section. 2. If the transaction invo…

NAC 362.370 Calculation of net proceeds. (NRS 360.090, 362.120) The net proceeds of a geothermal resource must be calculated using the gross yield of the geothermal resource, as determined pursuant to NRS 362.120 and NAC 362.368, less the amount of any deduction that is available…

NAC 362.410 Assessment; removal from secured roll for miscellaneous property. (NRS 360.090, 362.030, 362.095) 1. A patented mine which is used for a purpose related to mining or agriculture must be assessed: (a) At 35 percent of the taxable value of a site of comparable size and …

NAC 363A.010 Definitions. (NRS 360.090, 363A.070) As used in this chapter, unless the context otherwise requires, the words and terms defined in NAC 363A.020 to 363A.110, inclusive, have the meanings ascribed to them in those sections. (Added to NAC by Tax Comm’n by R205-03, eff.…

NAC 363A.020 “Commission” defined. (NRS 360.090, 363A.070) “Commission” means the Nevada Tax Commission. (Added to NAC by Tax Comm’n by R205-03, eff. 12-4-2003)

NAC 363A.030 “Department” defined. (NRS 360.090, 363A.070) “Department” means the Department of Taxation. (Added to NAC by Tax Comm’n by R205-03, eff. 12-4-2003)

NAC 363A.040 “Division” defined. (NRS 360.090, 363A.070) “Division” means the Employment Security Division of the Department of Employment, Training and Rehabilitation. (Added to NAC by Tax Comm’n by R205-03, eff. 12-4-2003)

NAC 363A.050 “Employer” defined. (NRS 360.090, 363A.070) “Employer” has the meaning ascribed to it in NRS 363A.030. (Added to NAC by Tax Comm’n by R205-03, eff. 12-4-2003)

NAC 363A.060 “Health care deduction” defined. (NRS 360.090, 363A.070) “Health care deduction” means the deduction allowed by NRS 363A.135. (Added to NAC by Tax Comm’n by R205-03, eff. 12-4-2003; A by R194-05, 2-23-2006)

NAC 363A.070 “Indian tribe” defined. (NRS 360.090, 363A.070) “Indian tribe” has the meaning ascribed to it in NRS 363A.030. (Added to NAC by Tax Comm’n by R205-03, eff. 12-4-2003)

NAC 363A.090 “Nonprofit organization” defined. (NRS 360.090, 363A.070) “Nonprofit organization” has the meaning ascribed to it in NRS 363A.030. (Added to NAC by Tax Comm’n by R205-03, eff. 12-4-2003)

NAC 363A.100 “Political subdivision” defined. (NRS 360.090, 363A.070) “Political subdivision” has the meaning ascribed to it in NRS 363A.030. (Added to NAC by Tax Comm’n by R205-03, eff. 12-4-2003)

NAC 363A.110 “Self-insured employer” defined. (NRS 360.090, 363A.070) “Self-insured employer” means an employer that provides a program of self-insurance for its employees. (Added to NAC by Tax Comm’n by R205-03, eff. 12-4-2003) ADMINISTRATION

NAC 363A.330 Maintenance and availability of records of employer. (NRS 360.090, 363A.070, 363A.080) Each employer shall maintain and, upon the request of the Department, provide to the Department: 1. Copies of any reports filed with or submitted to the Division by the employer. 2…

NAC 363A.350 “Bank” interpreted. (NRS 360.090, 363A.070, 363A.120) For the purposes of NRS 363A.120, the Commission interprets the term “bank” to exclude a federal land credit association, farm credit bank, agricultural credit association or similar institution organized under th…

NAC 363A.360 Amount of tax due for calendar quarter. (NRS 360.090, 363A.070, 363A.120) 1. The entire amount of the excise tax imposed by NRS 363A.120 becomes due for all the branch offices in excess of one operated or otherwise maintained by a bank in any county in this State on …

NAC 363A.380 Registration of employer with Department; filing of returns and reports. (NRS 360.090, 363A.070, 363A.130) 1. An employer that fails to register with the Division pursuant to NRS 612.535 shall register with the Department for payment of the excise tax imposed by NRS …

NAC 363A.400 Exemption of Indian tribes, nonprofit organizations and political subdivisions. (NRS 360.090, 363A.070) 1. An Indian tribe, a nonprofit organization or a political subdivision is exempt from the provisions of NRS 363A.130, regardless of whether the Indian tribe, nonp…

NAC 363A.411 Application by employer for designation as payroll provider; requirements for designation; revocation or cancellation of designation; commerce tax credit. (NRS 360.090, 363A.070, 363A.130) 1. An employer may apply to the Department to be designated as a payroll provi…

NAC 363A.415 Employer ineligible to receive commerce tax credit if deficient in payment of commerce tax; amendment of tax return for payroll tax upon partial or full satisfaction of deficiency; adjustments to employer’s account. (NRS 360.090, 363A.070, 363A.130) 1. If an employer…

NAC 363A.420 Health care deduction: Depreciation of property by self-insured employer. (NRS 360.090, 363A.070, 363A.135) If a self-insured employer claims the depreciation of property as a direct administrative services cost for purposes of the health care deduction, the employer…

NAC 363A.430 Correction of errors in filed returns. (NRS 360.090, 363A.070, 363A.130) If an employer files a return pursuant to paragraph (a) of subsection 3 of NRS 363A.130 which contains any errors, the employer shall: 1. File with the Department an amended or adjusted return w…

NAC 363A.500 “Prepaid tuition contract” defined. (NRS 363A.070, 363A.137) “Prepaid tuition contract” has the meaning ascribed to it in NRS 353B.030. (Added to NAC by Tax Comm’n by R137-16, eff. 1-27-2017)

NAC 363A.505 “Qualified beneficiary” defined. (NRS 363A.070, 363A.137) “Qualified beneficiary” has the meaning ascribed to it in NRS 353B.050. (Added to NAC by Tax Comm’n by R137-16, eff. 1-27-2017)

NAC 363A.510 Employer required to provide verification of matching contribution with quarterly return; submission of list of all matching contributions made on behalf of employees. (NRS 363A.070, 363A.137) An employer who, pursuant to NRS 363A.137, claims a credit against the exc…

NAC 363A.515 Computation of annual limit of tax credit. (NRS 363A.070, 363A.137) The annual limit set forth in subsection 2 of NRS 363A.137 on the credit described in subsection 1 of that section must be computed based on a calendar year. (Added to NAC by Tax Comm’n by R137-16, e…

NAC 363B.010 Definitions. (NRS 360.090, 363B.060) As used in this chapter, unless the context otherwise requires, the words and terms defined in NAC 363B.020 to 363B.100, inclusive, have the meanings ascribed to them in those sections. (Added to NAC by Tax Comm’n by R204-03, eff.…

NAC 363B.020 “Commission” defined. (NRS 360.090, 363B.060) “Commission” means the Nevada Tax Commission. (Added to NAC by Tax Comm’n by R204-03, eff. 12-4-2003)

NAC 363B.030 “Department” defined. (NRS 360.090, 363B.060) “Department” means the Department of Taxation. (Added to NAC by Tax Comm’n by R204-03, eff. 12-4-2003)

NAC 363B.040 “Division” defined. (NRS 360.090, 363B.060) “Division” means the Employment Security Division of the Department of Employment, Training and Rehabilitation. (Added to NAC by Tax Comm’n by R204-03, eff. 12-4-2003)