Nevada Administrative Code
Chapter 360 - Revenue and Taxation: Generally
ELECTRONIC SUBMISSION OF RETURNS AND REMISSION OF PAYMENTS
Section 360.Sec. 15 - NEW

Universal Citation: NV Admin Code 360.Sec. 15

Current through September 16, 2024

1. Pursuant to section 23 of Assembly Bill No. 495, chapter 249, Statutes of Nevada 2021, at page 1274 (NRS 363D.I40), to determine the amount of the liability of a taxpayer for the mining education tax, the person responsible for maintaining the records of the taxpayer must maintain the following records of the taxpayer for the period specified in paragraph (b) of subsection 1 of section 23 of Assembly Bill No. 495, chapter 249, Statutes of Nevada 2021, at page 1274 (NRS 363D.140) :

(a) A general ledger with transaction detail for gold and silver revenue accounts in Microsoft Excel format.

(b) A trial balance.

(c) A chart of accounts.

(d) Each federal and state tax return, including each original return and any amended return.

(e) The work papers relating to each federal and state tax return, including, without limitation, a reconciliation of the accounting records reflecting any adjustments in reported amounts.

(f) Bank statements.

(g) Invoices.

(h) Cash receipts.

(i) Contracts.

(j) Journal records.

(k) Proof of affiliation with other persons or entities, such as federal forms 851, K-1 and SEC 10-K schedule of affiliates.

(I) Any other documentation the Department may require to determine the amount of the liability of a taxpayer for the mining education tax.

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

NRS 360.090, section 23 of Assembly Bill No. 495, chapter 249, Statutes of Nevada 2021, at page 1274 (NRS 363D.140)

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