Nevada Administrative Code
Chapter 360 - Revenue and Taxation: Generally
ELECTRONIC SUBMISSION OF RETURNS AND REMISSION OF PAYMENTS
Section 360.Sec. 16 - NEW

Universal Citation: NV Admin Code 360.Sec. 16
Current through February 27, 2024

A business entity's method of accounting for gross revenue for a taxable year for the purposes of determining the amount of the mining education tax owed by the business entity must be the same as the business's method of accounting for federal income tax purposes for the business's federal taxable year which includes that calendar quarter. If a business entity's method of accounting for federal income tax purposes changes, its method of accounting for gross revenue pursuant to sections 2 to 40, inclusive, of Assembly Bill No. 495, chapter 249, Statutes of Nevada 2021, at pages 1269-79 (NRS 363D.010-363D.310, inclusive), must be changed accordingly.

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

NRS 360.090

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