Nevada Administrative Code
Chapter 366 - Tax on Special Fuel
SECURITY FOR PAYMENT
Section 366.060 - Bond required from habitually delinquent special fuel user
Universal Citation: NV Admin Code 366.060
Current through December 12, 2024
1. If a special fuel user is required to provide a bond pursuant to subsection 2 of NRS 366.235, the amount of the bond required will be the greater of:
(a) The total taxable gallons of special fuel claimed on the most recent tax return of the special fuel user multiplied by the tax rate determined pursuant to NRS 366.190, multiplied by 3; or
(b) $2,500.
2. The bond required pursuant to subsection 1 must be maintained by the special fuel user:
(a) The first time a special fuel user is found to be habitually delinquent, for 12 months.
(b) The second time a special fuel user is found to be habitually delinquent, for 24 months.
(c) The third time a special fuel user is found to be habitually delinquent and for any subsequent finding of habitual delinquency, for 36 months.
Added to NAC by Dep't of Motor Veh. by R150-08, eff. 12-17-2008
NRS 366.110, 366.235
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