Nev. Admin. Code § 365.180 — 365.180

NAC 365.180    Review of monthly tax returns: Annually after initial 2 years of
business; revision of amount of security if estimated maximum monthly tax not
accurate; amount of increase of security. ( NRS
365.110 , 365.130 , 365.290 )
1.  The Department will review annually the
estimated maximum monthly tax for each dealer or supplier who has conducted his
or her business for at least 2 years before the review is conducted. The
Department will conduct the review for the 24 months immediately preceding the
review to determine whether the estimated maximum monthly tax is sufficient. If
the Department determines that the estimated maximum monthly tax is not
sufficient, the Department will increase the amount of security required for
that dealer or supplier in accordance with its review. The dealer or supplier
shall increase his or her security in the amount required by the Department
within 60 days after the Department notifies the dealer or supplier of the
increase.
2.  Except as otherwise provided in
subsection 2 of NRS 365.290 and NAC 365.185 , the amount of security that is
increased pursuant to subsection 1 will equal at least three times the
increased estimated maximum monthly tax, but must not be less than $1,000.
(Added to NAC by Dep’t of Motor Veh. by R105-01, 12-17-2001,
eff. 1-1-2002)