Nev. Admin. Code § 362.85 — 362.85

NAC 362.085    Annual statement of gross yield and claimed net proceeds: Penalty
for failure to file. ( NRS 360.090 , 362.230 )    If a
taxpayer fails to file the statement required by NRS 362.110 , the Department shall
impose a penalty pursuant to NRS
362.230 in the following amounts:
1.  For net proceeds or royalties not
exceeding $5,000, the penalty is 10 percent of the net proceeds or royalties or
$100, whichever is less.
2.  For net proceeds or royalties greater
than $5,000 but not exceeding $10,000, the penalty is $500.
3.  For net proceeds or royalties greater
than $10,000 but not exceeding $50,000, the penalty is $1,000.
4.  For net proceeds or royalties greater
than $50,000 but not exceeding $100,000, the penalty is $2,500.
5.  For net proceeds or royalties of more
than $100,000, the penalty is $5,000.
(Added to NAC by Tax Comm’n, eff. 9-6-96; A by R161-05,
2-23-2006)