Nevada Revised Statutes Title 32. Revenue and Taxation § 360B.120. Prerequisites to membership

(a) Sets restrictions to limit over time the number of state rates.

(b) Establishes uniform standards for:

(c) Provides a central, electronic registration system that allows a seller to register to collect and remit sales and use taxes for all signatory states.

(d) Provides that registration with the central, electronic registration system and the collection of sales and use taxes in the signatory states will not be used as a factor in determining whether the seller has nexus with a state for any tax.

(e) Provides for reduction of the burdens of complying with local sales and use taxes through the following:

(f) Outlines any monetary allowances that are to be provided by the states to sellers or certified service providers and allows for a joint public and private sector study of the compliance cost on sellers and certified service providers to collect sales and use taxes for state and local governments under various levels of complexity to be completed by July 1, 2002.

(g) Requires each state to certify compliance with the terms of the Agreement before joining and to maintain compliance, under the laws of the member state, with all provisions of the Agreement while a member.

(h) Requires each state to adopt a uniform policy for certified service providers that protects the privacy of consumers and maintains the confidentiality of tax information.

(i) Provides for the appointment of an advisory council of private sector representatives and an advisory council of nonmember state representatives to consult within the administration of the Agreement.