Nev. Admin. Code § 360.Sec. 21 - NEW

1. The Department may waive or reduce the penalty or interest, or both, for a late payment of the mining education tax under the grounds set forth in NAC 360.396.

2. A taxpayer or the taxpayer's agent may request the waiver or reduction of the penalty or interest, or both, pursuant to subsection 1 by submitting to the Department any federal income tax return, Nevada Mining Education Tax Return or statement filed pursuant to NRS 362.110 on which the taxpayer or taxpayer's agent relied and a written statement signed under oath by the taxpayer or the taxpayer's agent which establishes that the taxpayer qualifies for the relief requested.

3. The Department shall not consider a request made pursuant to subsection 2 until the taxpayer has paid in full the tax or fee upon which the interest or penalty is assessed.

Notes

Nev. Admin. Code § 360.Sec. 21

Added to NAC by Dep't of Taxation by R130-21A, eff. 2/23/2022

NRS 360.090, NRS 360.417, as amended by section 43 of Assembly Bill No. 495, chapter 249, Statutes of Nevada 2021, at page 1280, and section 30 of Assembly Bill No. 495, chapter 249, Statutes of Nevada 2021, at page 1277 (NRS 363D.210)