Nevada Administrative Code
Chapter 365 - Taxes on Certain Fuels for Motor Vehicles and Aircraft
SECURITY FOR PAYMENT
Section 365.180 - Review of monthly tax returns: Annually after initial 2 years of business; revision of amount of security if estimated maximum monthly tax not accurate; amount of increase of security

1. The Department will review annually the estimated maximum monthly tax for each dealer or supplier who has conducted his or her business for at least 2 years before the review is conducted. The Department will conduct the review for the 24 months immediately preceding the review to determine whether the estimated maximum monthly tax is sufficient. If the Department determines that the estimated maximum monthly tax is not sufficient, the Department will increase the amount of security required for that dealer or supplier in accordance with its review. The dealer or supplier shall increase his or her security in the amount required by the Department within 60 days after the Department notifies the dealer or supplier of the increase.

2. Except as otherwise provided in subsection 2 of NRS 365.290 and NAC 365.185, the amount of security that is increased pursuant to subsection 1 will equal at least three times the increased estimated maximum monthly tax, but must not be less than $1,000.