Nevada Revised Statutes Title 41. Gaming; Horse Racing; Sporting Events § 463.388. Determination of deficiency: Recomputation or estimate of taxes or fees; accrual of interest on unpaid taxes; offsetting overpayments; refund of excess
Current as of January 01, 2021 | Updated by FindLaw Staff
Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.
1. If any person fails to make a report of the state license fees or taxes as required by this chapter, or if the Board is not satisfied with the report of the state license fees or taxes required to be paid to the State pursuant to this chapter by any person, the Board may compute and determine the amount required to be paid upon the basis of:
(a) The facts contained in the report, if any;
(b) An audit conducted by the Board;
(c) An estimate of the amount of taxes or fees due pursuant to the provisions of this chapter;
(d) Any information within its possession or that may come into its possession; or
(e) Any combination of the methods described in paragraphs (a) to (d), inclusive.
2. Any interest on the tax unpaid by reason of a credit instrument that is the subject of a determination by the Board pursuant to NRS 463.371 accrues from the first day of the second month following the month in which the action or omission on which the determination is based occurred.
3. In making such a determination, the Board may offset overpayments and interest due thereon against underpayments and interest or penalties due thereon for the period of the audit.
4. If overpayments and interest thereon exceed underpayments, penalties and interest thereon, the excess must be refunded to the licensee except where otherwise expressly provided.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 41. Gaming; Horse Racing; Sporting Events § 463.388. Determination of deficiency: Recomputation or estimate of taxes or fees; accrual of interest on unpaid taxes; offsetting overpayments; refund of excess - last updated January 01, 2021 | https://codes.findlaw.com/nv/title-41-gaming-horse-racing-sporting-events/nv-rev-st-463-388/
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 or via Westlaw before relying on it for your legal needs.
Was this helpful?