NRS 463.3857
Fees from licensee who concludes gaming operation: Final fee based on total outstanding value of collectible credit instruments

  • monthly fee based on all compensation received in payment of credit instrument
  • calculation and collection of monthly fee
  • security required for payment of monthly fee.

1.

Except as otherwise provided in NRS 463.386, the Commission shall charge and collect from each licensee who concludes a gaming operation:

(a)

A fee, to be included on the final tax return at the close of operations and derived from application of the rates and monetary limits set forth in NRS 463.370, based on the total outstanding value of collectible credit instruments received as a result of that gaming operation which are held by the licensee and remain unpaid on the last tax day; or

(b)

A monthly fee on all cash or other compensation received by the licensee or any affiliate of the licensee in payment of any credit instrument received as a result of that gaming operation which is held by the licensee or any affiliate of the licensee and remains unpaid on the last tax day.

2.

The monthly fee must be:

(a)

Calculated by applying to the amount of cash or other compensation received in payment of a credit instrument during the month a rate derived from the application of the rates and monetary limits set forth in NRS 463.370 to the licensee’s experience in receiving payment of credit instruments before concluding gaming operations; and

(b)

Collected and refunded pursuant to the regulations adopted by the Commission.

3.

To secure payment of the monthly fee, the licensee must make a cash deposit or post and maintain a surety bond or other acceptable form of security with the Commission in an amount determined by applying the rate derived pursuant to paragraph (a) of subsection 2 to the value of all collectible credit instruments.

4.

As used in this section:

(a)

“Last tax day” means the last day for which a licensee is legally obligated to pay the fees imposed pursuant to NRS 463.370.

(b)

“Value of all collectible credit instruments” means the amount of cash or other compensation the licensee may reasonably expect to receive in payment of unpaid credit instruments after conclusion of the licensee’s gaming operation, taking into account all relevant factors.

Source: Section 463.3857 — Fees from licensee who concludes gaming operation: Final fee based on total outstanding value of collectible credit instruments; monthly fee based on all compensation received in payment of credit instrument; calculation and collection of monthly fee; security required for payment of monthly fee., https://www.­leg.­state.­nv.­us/NRS/NRS-463.­html#NRS463Sec3857.

463.370
Monthly fee for state license 463.371
Computation of gross revenue: Credit instruments 463.372
Slot machines: Counting for purposes of administering quarterly fee and annual taxes and fees. 463.373
Quarterly fee for state license for restricted operation. 463.375
Quarterly fee for state license for nonrestricted operation 463.380
Annual fee for state license based on number of games operated. 463.383
Quarterly fee for state license based on number of games operated. 463.385
Annual excise tax upon slot machines: Imposition 463.386
Credit for prepaid fees for license upon transfer of gaming license for continuing operation 463.387
Refund of excessive state fees or taxes paid 463.388
Determination of deficiency: Recomputation or estimate of taxes or fees 463.389
Remedies of State are cumulative. 463.390
Quarterly fee for county license 463.395
Limitations on amount of fee for license or rate of tax imposed by local government. 463.400
Penalty for willful evasion of payment of fees for license and other acts and omissions. 463.3715
Computation of gross revenue: Items which may be deducted. 463.3717
Compilation of information concerning gross revenue reported by licensees 463.3855
Annual fee for license for operator of slot machine route or inter-casino linked system. 463.3856
Annual fee for license for operator of information service 463.3857
Fees from licensee who concludes gaming operation: Final fee based on total outstanding value of collectible credit instruments 463.3881
Determination of deficiency: Notice. 463.3882
Determination of deficiency: Lien. 463.3883
Redetermination: Time for filing and contents of petition
Last Updated

Jun. 24, 2021

§ 463.3857’s source at nv​.us