Time for payment of determined amount; penalty for delinquency in payment
Applied in 1 court decision — leading case State ex rel. Nevada Tax Commission v. Independent Sheet Metal, Inc. (1989)
Most recently applied in State ex rel. Nevada Tax Commission v. Independent Sheet Metal, Inc. (June 1989)
(Added to NRS by 1971, 595; A 1975, 1652; 1987, 329; 1995, 1062; 1997, 1567)
1. All determinations made by the Department under the authority of NRS 360.300 to 360.400, inclusive, are due at the time they become final.
2. If the determination is not paid when it becomes final and the taxpayer has not entered into a written agreement with the Department for the payment of the determination, the Department shall impose a penalty of 10 percent of the amount of the determination, exclusive of interest and penalties.
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.