Nevada Centrally Assessed Properties Annual Report Instructions

# preamble

Must comply with all Instructions Authority NRS 361.320 re quires the Nevada Tax Commission to establish the assessed value of any property of an interstate or inter-county nature, including the property of railroad, carline, natural gas transmission and distribution, water, telephone, scheduled and unscheduled air transport, and electric light and power companies. NRS 360.210 grants the Department the original power of appraisal and assessment of all property mentioned in NRS 361.320. How to Comple te the Annual Report and Supporting Schedules: 1. Complete and return all schedules in this packet. Attach all supporting documents for r eported information. If addi tional calculations are needed, please include worksheet. 2. Enter Taxpayer name at the top of each page in the appropriate space provided. 3. If y ou need more space than what is available on a schedule, attach additional sheets. Be sure the attached s heets have the same format. 4. If you think a schedule does not apply to you, explain in detail why. You may attach your statement to the schedule t elling us why you think it does not apply or why you did not complete the schedule. N/A is not an acceptable entry. 5. Do no t enter "See Federal Report," "See Shareholder Report," "See Attached," or similar statements. The schedules must be completed or a company-generated document with the requested data in the same format must replace it. 6. Should particular a ccounts have zero balances, enter "0" in the amount column. 7. Type or print your information on these schedules. If you print, please use ink. 8. Put brackets ( ) around negative amounts. 9. Keep a copy of each page for your files. 10. This r eport form was developed in Microsoft Windows Excel and PDF and is available to taxpayers i n those formats. A signed original hard copy must be returned to the Department. Forms may also be obtained from the Department's website at: #Centrally_Assessed_Property 11. Report only operating property. Operating property is the real or personal property used in the operation. Other property owned but not used in the conduct of the operation (non -operating property) must be reported to the County Assessor. *NEW* Special Instructions Operating Mileage - Utilities As new tax jurisdictions are created and tax jurisdiction boundaries change, it is necessary to update and maintain Department records regarding your operations within each taxing entity. The Department therefore requests each

state-assessed taxpayer to annually review and report operating miles by district. Please contact the County Assessor where your property is located if you have any questions regarding the district changes. In order to avoid any errors in reporting, only the enclosed forms may be used to report. Company modified forms will not be accepted. Report all district and total mileage to two decimal places only, and please verify the totals. It is extremely important to county and local government entities that the mileage report be as accurate as possible. Since tax districts are being created as well as eliminated or changed, carefully review your entire mileage statistics in relation to all the districts in every county. Should you need to update your county tax district maps to maint ain reporting accuracy, please contact the county assessor offices. P lease return the completed mileage forms as a part of the annual report per Nevada Revised Statues (NRS) 361.320, "Valuation for assessment purposes". S pecial Instructions, Rep orting In tangible Personal Property (Schedule 1 - U tilities; S chedule 1 - Large National & Re gional Airlines) 1. Enter value for each intangible, if applicable, under the cost or income columns. For example, if you have booked organization costs, indicate the general ledger account number, the total booked amount, the booked amount less depreciation, and a brief description. As another example, if you have a contract or a c opyright for which contribution to income can be identified, list the contribution to income under the i ncome column and describe. 2. You may attach additional sheets if more space is needed. 3. Attach supporting data, analyses, etc. for intangible value(s) reported. Special Instructions: Small Charter an d Taxi Airline Allocation Da ta Authority Allocation is the process of assigning a portion of a unit value or system statistic to a state. (NAC 361.212). Apportionment means the process of assigning a portion of a state value or state or company statistic to geographical areas, usually tax levying d istricts or codes within the state. (NAC 361.222). NRS 361.320 requires the allocation and apportionment of assessed value to the State and local jurisdictions. The method for allocation of airline value is established in NAC 361.464 and 361.469. How to Complete Allocation Schedules Allocation data is often difficult to collect. If th e requested information is not available, the Department offers two o ptions for substitute reporting: 1.) R eport alternative data maintained by the company or to which it has access. Examples may be found on pages 7 and 8. 2.) Estimate the requested information to the best of your ability and include details of how the estimates were made. Failure to report any allocation statistics will require the Department to estimate allocation data for the company. The p rimary allocation data will be calculated at 100% to Nevada. A map is attached at the ba c k of the reporting package for your convenience and help in re porting allocation data. Additional Information You Must File In addition to the schedules provided, you mu st include co pies o f the following inf ormation : a. Company Annual Shareholder Report.

b. Parent or subsidiary Annual Shareholder Report. c. Annual Securities and Exchange Commission Form 10-K or 10-Q. d. Parent or subsidiary annual Securities and Exchange Commission Form 10- K or 10-Q. Consolidating or Bridge body Report. e. Annual Federal regulatory Body Report. f. Parent of subsidiary annual Federal regulatory body Report. g. Capitalized lease detail schedule. (No schedule is provided, please list separately.) h. Operating leased or rented property detail. i. Elective documentation supporting status of operations. j. Ownership allocation details (if not indicated in other documents presented to the Department). k. One copy of each applicable audited balance sheet and income statement for system and Nevada. Optionally, provide the same for an historic period, i.e., 5- or 10-year side by side comparisons. l. For airlines, documentation of certified status of air carrier operations, or indicate if they have previously been submitted and are on file. The Department may require additional information in order to develop the company valuation and allocation estimates. The Department may perform an audit of this report and appropriate re cords of t he operation. Please describe any significant changes that have taken place duri ng the pe riod covered by this report such as accounting changes, large acquisitions, dispossessions, write-offs or sales of ma jor properties f or both the company c overed by this report or it s pa rent company. Certain Substitute Form s Ac c eptable Company generated computer printouts may be substituted for department forms provided they are the same in all material aspects.

# When to File

File all requested information on or before March 31, 2026. E xtension of Time for Filing Statement The De partment for good c a use m ay grant extensions for up to one 45-day period, provided a wr itten requ est is received prior to March 31 and provided the request cont ains good cause f or the delay in filing. Your report filing will be delinquent (AND SUBJECT TO PENALTY PER NRS 361.318) if it is not postmarked by March 31 or by the extended date allo wed by t he department.

# Where to File

Mail or Email (spopa@tax.state.nv.us) all report forms and do cuments to: Centrally Assessed Property Section 3850 Arrowhead Drive Carson City, NV 89706 Centrally Assessed Supervisor: Sorin Popa: (775) 684-2011 Utility Valuation A nalysts: Catherine Starks (775) 684-2006 (775) 684-2032Abeer Hijazi: John Schillo: (775) 684-2168