Nevada Administrative Code

NAC 361A.170 Categorization and valuation of land devoted to agriculture. (NRS 360.090, 360.250, 361A.130, 361A.140) Land devoted to agriculture must be categorized and valued pursuant to the classifications in the Agricultural Instructions Bulletin that is annually prepared by t…

NAC 361A.180 Annual study of value of lands designated for agricultural use. (NRS 360.090, 360.250, 361A.140) 1. On or before the first Monday in October of each year, the Department shall conduct a study of the value of lands designated for agricultural use and present the study…

NAC 361A.210 “Physical alteration” interpreted. (NRS 360.090, 360.250, 361A.031) The Commission will interpret the term “physical alteration,” as used in NRS 361A.031, to mean the application of man-made changes, including, without limitation, changes in the contour of the land, …

NAC 361A.220 Determination of whether final map or parcel map creates parcels not intended for agricultural use. (NRS 360.090, 360.250) If a final map or parcel map has been recorded, the county assessor must determine whether the map creates one or more parcels not intended for …

NAC 361A.230 Conversion of property by county assessor. (NRS 360.090, 360.250) If the county assessor finds that a property has been converted to a higher use or otherwise becomes aware that such a conversion has taken place, the county assessor must convert the property, or that…

NAC 361A.240 Calculation of deferred tax when property is converted. (NRS 360.090, 360.250, 361A.155, 361A.280) To calculate the amount of deferred tax that must be assessed when property is converted to a higher use: 1. The county assessor must determine what the taxable value o…

NAC 361A.310 Definitions. (NRS 360.090, 360.250, 361A.225) As used in NAC 361A.310 to 361A.440, inclusive, unless the context otherwise requires, the words and terms defined in NAC 361A.320 to 361A.370, inclusive, have the meanings ascribed to them in those sections. (Added to NA…

NAC 361A.320 “Converted to a higher use” defined. (NRS 360.090, 360.250, 361A.225) “Converted to a higher use” has the meaning ascribed to it in NRS 361A.031. (Added to NAC by Tax Comm’n by R010-07, eff. 10-31-2007)

NAC 361A.330 “Golf course” defined. (NRS 360.090, 360.250, 361A.225) “Golf course” has the meaning ascribed to it in NRS 361A.0315. (Added to NAC by Tax Comm’n by R010-07, eff. 10-31-2007)

NAC 361A.340 “Golf course land” defined. (NRS 360.090, 360.250, 361A.225) “Golf course land” means the land underlying: 1. A golf course; 2. Any related improvements used in connection with that golf course; and 3. Any appurtenant areas that are necessary for the use of any prope…

NAC 361A.350 “Golfing improvements” defined. (NRS 360.090, 360.250, 361A.225) “Golfing improvements” means any improvements to land which are typical and necessary for the use of the property as a golf course, including, without limitation, tees, fairways, bunkers, greens, trees,…

NAC 361A.360 “Marshall and Swift” defined. (NRS 360.090, 360.250, 361A.225) “Marshall and Swift” means the applicable manual published or furnished by the Marshall and Swift Publication Company, as that manual existed on October 1 of the year immediately preceding the current ass…

NAC 361A.370 “Related improvements” defined. (NRS 360.090, 360.250, 361A.225) “Related improvements” means any improvements to land, other than golfing improvements, which are used in connection with a golf course, including, without limitation, clubhouses, pro shops, restaurants…

NAC 361A.380 Applicability. (NRS 360.090, 360.250, 361A.225, 361A.280) The provisions of NAC 361A.310 to 361A.440, inclusive, apply to the determination by a county assessor of the taxable value of real property used as a golf course for the purposes of chapter 361A of NRS. (Adde…

NAC 361A.390 Golf course land: Determination of taxable value for open-space use. (NRS 360.090, 360.250, 361A.225) A county assessor shall: 1. Determine the value of the golf course land in the same manner as the county assessor would determine the taxable value of the land for p…

NAC 361A.400 Golfing improvements: Determination of taxable value for open-space use. (NRS 360.090, 360.250, 361A.225) A county assessor shall: 1. Determine the replacement cost of the golfing improvements as provided in NAC 361A.410; 2. Subtract from the amount determined pursua…

NAC 361A.410 Golfing improvements: Determination of replacement cost. (NRS 360.090, 360.250, 361A.225) 1. For the purposes of subsection 1 of NAC 361A.400, a county assessor shall determine the replacement cost of the golfing improvements for a golf course in accordance with the …

NAC 361A.420 Golfing improvements: Calculation of factor for obsolescence. (NRS 360.090, 360.250, 361A.225) For the purposes of subsection 3 of NAC 361A.400, a county assessor shall: 1. Determine the number of rounds of golf played on a golf course during the 12-month period endi…

NAC 361A.430 Determination of taxable value of real property used as golf course and related improvements and personal property. (NRS 360.090, 360.250, 361A.225) A county assessor shall: 1. Except as otherwise provided in subsection 3: (a) Determine the taxable value for open-spa…

NAC 361A.440 Calculation of deferred tax due when property is converted to higher use. (NRS 360.090, 360.250, 361A.225, 361A.280) If a golf course or any portion thereof is converted to a higher use, the county assessor shall calculate the deferred tax due on the real property co…

NAC 362.001 Definitions. (NRS 360.090) As used in this chapter, unless the context otherwise requires, the words and terms defined in NAC 362.005 to 362.008, inclusive, have the meanings ascribed to them in those sections. (Added to NAC by Tax Comm’n by R058-11, 12-30-2011, eff. …

NAC 362.005 “Department” defined. (NRS 360.090) “Department” means the Department of Taxation. (Added to NAC by Tax Comm’n by R048-01, eff. 11-1-2001; A by R058-11, 12-30-2011, eff. 1-1-2012)

NAC 362.006 “Developmental work” defined. (NRS 360.090) 1. Except as otherwise provided in subsection 2, “developmental work” means any activities performed on the property of a mine which outline the location of the mineral reserves of the mine or prepare the mineral reserves of…

NAC 362.007 “Mineral exploration” defined. (NRS 360.090) “Mineral exploration” means any activities relating to the search for mineral reserves which do not occur during the development or production stages of a mine, including drilling, sampling, assaying, metallurgical testing,…

NAC 362.008 “Mineral reserves” defined. (NRS 360.090) “Mineral reserves” means the portion of a measured or indicated mineral resource that has been analytically determined to justify mining, taking into account, at the time of that determination, any mining, metallurgical, marke…

NAC 362.010 Determination of gross value of mineral products. (NRS 360.090, 362.120) 1. For the purposes of assessment and taxation of the net proceeds of minerals pursuant to chapter 362 of NRS, the gross value of mineral products must be determined in accordance with the provis…

NAC 362.020 Separate report of royalties. (NRS 360.090, 362.110) All royalties received by a lessor must be reported separately from other receipts. [Tax Comm’n, Mine Proceeds Reg. No. 21, eff. 6-28-65; A and renumbered as Reg. No. 6, 1-22-79]

NAC 362.030 Annual statement of gross yield and claimed net proceeds: Form and contents. (NRS 360.090, 362.110) 1. All information in the statement which is required by NRS 362.110 to be filed must be submitted on forms supplied by the Department or in a manner which is acceptabl…

NAC 362.035 Deductions: Interpretation of certain statutory terms. [Effective through December 31, 2015.] (NRS 360.090, 362.120) For the purposes of: 1. Paragraph (j) of subsection 3 of NRS 362.120, the Nevada Tax Commission will interpret the term “developmental work” to have th…

NAC 362.040 Deductions: Depreciation of capitalized costs. (NRS 360.090, 362.120) 1. Leasehold improvements and buildings must be depreciated over a 20-year period using the straight-line method. 2. Fixed machinery and equipment must be depreciated over a 20-year period using the…

NAC 362.050 Deductions: Operating costs. [Effective through December 31, 2015.] (NRS 360.090, 362.120) 1. In computing the costs enumerated in subsection 3 of NRS 362.120, the following specific items are deductible except as limited by subsection 2 of this section and subsection…

NAC 362.060 Deductions: Electric power. (NRS 360.090, 362.120) 1. The installation of power and light lines is a capital charge, while the upkeep and purchase costs of electric power are operating costs. 2. When electric power is generated and distributed to various departments, …

NAC 362.070 Deductions: Loading and transportation costs. (NRS 360.090, 362.120) The actual cost of transporting the product of the mine to the place of reduction, refining and sale, is affected directly by both demurrage charged and dispatch earned credits. These charges and cre…

NAC 362.081 Date of receipt of material mailed to Commission. (NRS 360.090, 362.110) 1. An annual statement which is required to be filed pursuant to NRS 362.110 and which is transmitted through the United States mail shall be deemed to have been received on the date shown by the…

NAC 362.083 Annual statement of gross yield and claimed net proceeds: Failure to include all applicable information, documentation, reports and statements. (NRS 360.090, 362.110) If a taxpayer submits an annual statement which is required to be filed pursuant to NRS 362.110 and w…

NAC 362.085 Annual statement of gross yield and claimed net proceeds: Penalty for failure to file. (NRS 360.090, 362.230) If a taxpayer fails to file the statement required by NRS 362.110, the Department shall impose a penalty pursuant to NRS 362.230 in the following amounts: 1. …

NAC 362.087 Annual statement of gross yield and claimed net proceeds: Documentation of proper filing and waiver of penalty for failure to file. (NRS 360.090, 362.110, 362.230) If the Department does not receive an annual statement which is required to be filed pursuant to NRS 362…

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)