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Current as of January 01, 2025 | Updated by Findlaw Staff
A manufacturer of tobacco products that sells cigarettes to consumers in this state, directly or through a distributor, retailer or similar intermediary or intermediaries, after May 24, 1999, shall do one of the following:
1. Become a participating manufacturer and generally perform its financial obligations under the Master Settlement Agreement; or
2. Deposit into a qualified escrow fund, on or before April 15 of the year following the year in question, the following amounts as such amounts are adjusted for inflation:
(a) For the year 1999, $0.0094241 for each unit sold after May 24, 1999;
(b) For the year 2000, $0.0104712 for each unit sold;
(c) For each of the years 2001 and 2002, $0.0136125 for each unit sold;
(d) For each of the years 2003 through 2006, $0.0167539 for each unit sold; and
(e) For each of the year 2007 and each year thereafter, $0.0188482 for each unit sold.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 32. Revenue and Taxation § 370A.140. Participation in Master Settlement Agreement or deposits into qualified escrow fund required - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-32-revenue-and-taxation/nv-rev-st-370a-140/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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