Monthly payment of taxes; retention of percentage of tax for certain costs; maintenance of separate account.
1. The excise taxes prescribed in this chapter must be paid on or before the last day of each calendar month to the Department. The Department shall deliver the taxes to the State Treasurer, who shall provide to the dealer, supplier or user a receipt for the payment of the taxes.
2. Except as otherwise provided in subsection 3:
(a) From the tax found to be due upon any statement submitted by a dealer pursuant to NRS 365.170, the dealer may retain an amount equal to 2 percent of the amount of the tax collected to cover the dealer’s costs of collection of the tax and of compliance with this chapter, and the dealer’s handling losses occasioned by evaporation, spillage or other similar causes.
(b) Each supplier may retain an amount equal to 2 percent of the amount of the tax collected by the supplier to cover the supplier’s costs of collection of the tax and of compliance with this chapter, and the supplier’s handling losses occasioned by evaporation, spillage or other similar causes.
3. A dealer or supplier who fails to submit a tax return when due pursuant to this chapter or fails to pay the tax when due pursuant to this chapter is not entitled to retain any of the amount authorized pursuant to subsection 2 for any month for which a tax return is not filed when due or a payment is not made when due.
4. If the Department determines that a dealer or supplier has failed to submit a tax return when due pursuant to this chapter or failed to pay the tax when due pursuant to this chapter, the Department may order the dealer or supplier to hold the amount of all taxes collected pursuant to this chapter in a separate account in trust for the State. The dealer or supplier shall comply with the order immediately upon receiving notification of the order from the Department.
Last modified: February 27, 2006