Nevada Administrative Code
Chapter 360 - Revenue and Taxation: Generally
AGREEMENT FOR PAYMENT OF TAXES IN INSTALLMENTS
Section 360.450 - Agreement for payment over period of 12 months or less

Universal Citation: NV Admin Code 360.450

Current through September 16, 2024

1. Except as otherwise provided in subsection 2 and NAC 360.460 and subject to the approval of the Director or the Director's designee, the Department may enter into an agreement with a taxpayer, upon the request of the taxpayer, that allows the taxpayer to pay taxes, interest and penalties in installments over a period of 12 months or less if:

(a) The taxpayer submits accurate and complete information that the Department requires to determine whether to enter into the agreement;

(b) The taxpayer agrees in writing to comply with all applicable laws and regulations of the Commission during the period in which the agreement is in effect, including, without limitation, reporting and payment requirements;

(c) The taxpayer agrees in writing that the agreement may be terminated immediately if the taxpayer fails timely to make any payment required by the agreement or defaults in any other reporting or payment requirement;

(d) The Department determines that as of the date on which the taxpayer requested to enter into the agreement, the taxpayer is unable to pay the entire amount of taxes, interest and penalties due for financial reasons; and

(e) The amount owed by the taxpayer on the date on which the taxpayer requested to enter into the agreement does not exceed the amount set by the Commission pursuant to NAC 360.454.

2. Except as otherwise provided in NAC 360.460, the Director may, for good cause shown, upon the request of a taxpayer who satisfies the requirements set forth in subsection 1, authorize the Department to enter into an agreement with a taxpayer that allows the taxpayer to pay taxes, interest and penalties in installments over a period of more than 12 months.

3. The Department or the Director, as applicable, may deny a request to enter into an agreement pursuant to subsection 1 or 2 if the taxpayer has not complied with a previous agreement with the Department to pay taxes, interest and penalties in installments.

4. As used in this section, "good cause" includes, without limitation, circumstances that would prevent a taxpayer from paying the taxes, interest and penalties in a period of 12 months or less.

Added to NAC by Tax Comm'n by R046-01, eff. 11-1-2001; A by R202-08, 10-15-2010; A by R089-14, eff. 6/26/2015

NRS 360.090, 360.2915

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