NRS 362.230
Penalty for failure to file statements.

1.

Every person extracting any mineral in this state, or receiving a royalty in connection therewith, who fails to file with the Department the statements provided for in NRS 362.100 to 362.240, inclusive, during the time and in the manner provided for in NRS 362.100 to 362.240, inclusive, shall pay a penalty of not more than $5,000. If any such person fails to file the statement, the Department may ascertain and certify the net proceeds of the minerals extracted or the value of the royalty from all data and information obtainable, and the amount of the tax due must be computed on the basis of the amount due so ascertained and certified.

2.

The Executive Director shall determine the amount of the penalty. This penalty becomes a debt due the State of Nevada and, upon collection, must be deposited in the State Treasury to the credit of the State General Fund.

3.

Any person extracting any mineral or receiving a royalty may appeal from the imposition of the penalty to the Nevada Tax Commission by filing a notice of appeal in accordance with the requirements set forth in NRS 360.245.

Source: Section 362.230 — Penalty for failure to file statements., https://www.leg.state.nv.us/NRS/NRS-362.html#NRS362Sec230.

362.100
Duties of Department. 362.105
“Royalty” defined. 362.110
Annual statement of gross yield and claimed net proceeds 362.115
Annual statement of estimated gross yield, net proceeds and royalties 362.120
Computation of gross yield and net proceeds 362.130
Preparation and mailing of certificate of amount of net proceeds and tax due 362.135
Appeal of certification to State Board of Equalization 362.140
Rate of tax upon net proceeds. 362.150
Liens for taxes on proceeds of minerals. 362.160
When tax becomes delinquent 362.170
Appropriation to county of amount of tax, penalties and interest attributable to extractive operations in county 362.171
Establishment and use of county fund for mitigation 362.175
Procedure for removal of amount of tax and name from records of Department when tax impossible or impractical to collect. 362.180
Burden of proof on taxpayer to show certification by Department to be unjust, improper or invalid. 362.200
Powers of Department: Examination of records 362.230
Penalty for failure to file statements. 362.240
Penalty for false statements.

Last Updated

Feb. 5, 2021

§ 362.230’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_362.230

Original Source: Section 362.230 — Penalty for failure to file statements., https://www.leg.state.nv.us/NRS/NRS-362.html#NRS362Sec230 (last accessed Feb. 5, 2021).