Nevada Revised Statutes Section 375B.180 - Revenue and Taxation

Determination of tax due: Person liable to give notice of determination; additional tax; acceptance of determination by United States.

1. Upon final determination of the federal generation-skipping transfer tax due, the person liable for the tax shall, within 60 days after that determination, give written notice of it to the Department. If any additional tax is due under NRS 375B.100 by reason of this determination, the person liable for the tax shall pay the tax, together with interest as provided in NRS 375B.250, at the same time he files the notice.

2. The State of Nevada shall accept the determination by the United States of the amount of the generation-skipping transfer without further audit.

Last modified: February 27, 2006