NRS 370.593
Retention of records

  • inspection, copying and auditing of records by Department
  • verification of information by licensees
  • subpoenas.

1.

Except as otherwise provided in subsection 2, a licensee shall retain for not less than 5 years all receipts, invoices, records, inventory records and financial statements necessary to substantiate information submitted by the licensee to the Department in any report or return required pursuant to this chapter.

2.

If a licensee fails to submit a return or report which is required by this chapter, the licensee shall retain for not less than 8 years all receipts, invoices, records, inventory records and financial statements necessary to substantiate any information which the licensee was required to include in the report or return which the licensee failed to submit.

3.

Upon request, a licensee shall provide access to and permit the Department to inspect, examine, photocopy and audit all receipts, invoices, records, inventory records and financial statements retained by the licensee pursuant to subsections 1 and 2 and all records and financial statements relating to the gross income of the licensee.

4.

Upon request, a licensee shall provide verification of his or her gross income and any other matters affecting the enforcement of the provisions of this chapter.

5.

The Department may demand access to and inspect, examine, photocopy and audit all receipts, invoices, records, inventory records and financial statements of any affiliate of a licensee who the Department knows or reasonably believes is involved in the financing, operation or management of the licensee. The inspection, examination, photocopying or audit may take place on the premises of the affiliate or another location, as practicable.

6.

The Executive Director or any person authorized in writing by the Executive Director may issue a subpoena to compel the attendance of witnesses at a hearing held by the Department or to compel the production of records.

Source: Section 370.593 — Retention of records; inspection, copying and auditing of records by Department; verification of information by licensees; subpoenas., https://www.­leg.­state.­nv.­us/NRS/NRS-370.­html#NRS370Sec593.

370.531
Definitions. 370.533
“Cigarette” defined. 370.535
“Cigarette rolling machine” defined. 370.537
“Cigarette vending machine operator” defined. 370.539
“Commission” defined. 370.541
“Consumer” defined. 370.543
“License” defined. 370.545
“Licensee” defined. 370.547
“Logistics company” defined. 370.549
“Manufacturer” defined. 370.551
“Other tobacco product” defined. 370.553
“Place of business” defined. 370.555
“Sale” and “to sell” defined. 370.557
“Stamp” defined. 370.559
“Tobacco retail dealer” defined. 370.561
“Warehouse or distribution center” defined. 370.563
“Wholesale dealer of cigarettes” defined. 370.565
“Wholesale dealer of other tobacco products” defined. 370.567
Required licensing. 370.569
Exemptions from licensing requirements. 370.571
Maintenance and distribution of list of licenses and licensees and of Indian tribes from which Department does not collect tax. 370.573
Restrictions on issuance, maintenance and renewal of licenses. 370.575
Application for license. 370.577
Issuance of license to certain applicants without payment of fees. 370.579
Contents of license. 370.581
Prohibition against operation from any location not listed on license 370.583
Signing, posting and transfer of license. 370.585
Scope of license. 370.587
Period of validity of license 370.589
Wholesale dealers: Bond or other security. 370.591
Counties, cities and towns may require business licenses. 370.593
Retention of records 370.595
Suspension or revocation of license 370.597
Procedure for suspension and revocation of license
Last Updated

Feb. 5, 2021

§ 370.593’s source at nv​.us