Nevada Administrative Code
Chapter 363A - Taxes on Financial Institutions
IMPOSITION AND COLLECTION
Credit for Matching Employee Contributions to Prepaid Tuition Contracts and College Savings Accounts
Section 363A.510 - Employer required to provide verification of matching contribution with quarterly return; submission of list of all matching contributions made on behalf of employees
Universal Citation: NV Admin Code 363A.510
Current through December 31, 2024
An employer who, pursuant to NRS 363A.137, claims a credit against the excise tax imposed on the employer by NRS 363A.130 must include with the quarterly return filed by the employer pursuant to paragraph (a) of subsection 3 of NRS 363A.130:
1. Verification of a matching contribution made by the employer:
(a) To the savings trust account of an employee of the employer in the Nevada College Savings Trust Fund created by NRS 353B.340; or
(b) To the Nevada Higher Education Prepaid Trust Fund created by NRS 353B.140 to match a contribution made by an employee of the employer on behalf of a qualified beneficiary on whose behalf a prepaid tuition contract is drawn; and
2. A list of all matching contributions made on a form prescribed by the Department. The list must include, without limitation:
(a) The name and taxpayer identification number of the employer;
(b) The name of each employee for whom the matching contribution was made;
(c) The amount of each matching contribution; and
(d) The total amount of matching contributions made for each employee during the immediately preceding calendar year.
Added to NAC by Tax Comm'n by R137-16A, eff. 1/27/2017
NRS 363A.070, 363A.137
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