Nevada Administrative Code
Chapter 360 - Revenue and Taxation: Generally
ELECTRONIC SUBMISSION OF RETURNS AND REMISSION OF PAYMENTS
Section 360.Sec. 17 - NEW

1. The mining education tax is a tax imposed on a business entity engaged in the business of extracting and selling gold or silver, or both, in this State on or after July 1, 2021. For the purposes of the mining education tax:

2. To determine whether a business entity is engaged in the business of extracting gold or silver, or both, in this State, the Department must consider the activities of the business entity and not the activities of any other entity in which the business entity owns an interest.

3. A business entity, including, without limitation, a joint venture, whose primary source of gross revenue is realized from the sale of gold or silver, or both, extracted in this State is not subject to the mining education tax if the gross revenue of the business entity from the sale of gold or silver, or both, extracted in this State is sourced to one or more subsidiaries of the business entity that the business entity owns or controls and that are subject to and pay the mining education tax. Any gross revenue realized by a business entity described in this subsection from any of its subsidiaries is pass-through revenue and is not subject to the mining education tax.