Nev. Admin. Code § 363A.415 — 363A.415

NAC 363A.415    Employer ineligible to receive commerce tax credit if deficient
in payment of commerce tax; amendment of tax return for payroll tax upon
partial or full satisfaction of deficiency; adjustments to employer’s account. ( NRS 360.090 , 363A.070 , 363A.130 )
1.  If an employer incurs a deficiency in the
payment of the commerce tax, the employer is not entitled to the commerce tax
credit for the amount of the deficiency until the employer satisfies all or
part of the deficiency. The amount of the credit to which the employer is
entitled pursuant to this subsection is equal to 50 percent of the amount of
the deficiency paid by the employer.
2.  Upon partial or full satisfaction of a
deficiency in the payment of the commerce tax, an employer may amend a return
of the tax imposed by NRS 363A.130
for any of the 4 calendar quarters immediately following the taxable year for
which the commerce tax was required to be paid to claim the commerce tax credit
in accordance with the provisions of subsection 4 of NRS 363A.130 .
3.  The Department may make such adjustments
to the account of an employer as the Department deems necessary to apply a
commerce tax credit and adjust a return of the tax imposed by NRS 363A.130 in accordance with
this section.
4.  As used in this section:
(a) “Commerce tax” means the tax required to be
paid pursuant to chapter 363C of NRS.
(b) “Commerce tax credit” means the credit against
the tax imposed by NRS 363A.130 ,
which is set forth in subsection 4 of that section.
(Added to NAC by Tax Comm’n by R123-15, eff. 6-28-2016)