Nev. Admin. Code § 363A.360 — 363A.360

NAC 363A.360    Amount of tax due for calendar quarter. ( NRS 360.090 , 363A.070 , 363A.120 )
1.  The entire amount of the excise tax
imposed by NRS 363A.120 becomes
due for all the branch offices in excess of one operated or otherwise
maintained by a bank in any county in this State on the first day of a calendar
quarter, regardless of whether the bank ceases to operate or otherwise maintain
any of those branch offices during that calendar quarter.
2.  If the operation or other maintenance of
a branch office commences after the first day of a calendar quarter, no excise
tax is due pursuant to the provisions of NRS 363A.120 for the branch office
for that calendar quarter.
3.  For the purposes of this section:
(a) The operation or other maintenance of a branch
office shall be deemed to commence on the date the branch office first opens
for business to the public.
(b) If the first day of a calendar quarter does not
occur on a regular banking day for a bank, the bank shall be deemed to operate
or otherwise maintain a branch office on that date if the bank:
(1) Held the branch office open for business
to the public at any time during the immediately preceding 5 regular banking
days for the bank; and
(2) Holds the branch office open for business
to the public at any time during the immediately succeeding 5 regular banking
days for the bank.
4.  As used in this section, the words and
terms defined in NRS 363A.120
have the meanings ascribed to them in that section.
(Added to NAC by Dep’t of Taxation by R152-03, eff. 10-30-2003;
A by Tax Comm’n by R194-05, 2-23-2006)
Payroll Tax