Nev. Admin. Code § 366.30 — 366.30

NAC 366.030    Request for reduction in amount required. ( NRS 366.110 , 366.235 )
1.  A special fuel supplier or special fuel
dealer who complies with the requirements set forth in subsection 2 may submit
a written request to the Department for a reduction in the amount of security
required pursuant to NRS 366.235
if the required amount would otherwise be more than $5,000. Upon receipt of
such a request, the Department may reduce the required amount to an amount
which is:
(a) Not less than twice the amount of the maximum
monthly tax the supplier or dealer reported to the Department during the 2
years immediately preceding his or her request for a reduction; or
(b) Equal to $5,000,
Ê whichever is
greater.
2.  A special fuel supplier or special fuel
dealer who has filed tax returns with the Department pursuant to chapter 366 of NRS for 3 or more calendar
years may submit a request pursuant to subsection 1 if he or she:
(a) Has filed punctually the tax returns required
by NRS 366.383 or 366.386 for the 3 preceding calendar
years;
(b) Has paid punctually all taxes and assessments
due the State of Nevada for the 3 preceding calendar years;
(c) Has not been deemed habitually delinquent
within the 3 preceding calendar years; and
(d) Has been audited by the Department within the 2
preceding calendar years.
(Added to NAC by Dep’t of Motor Veh. & Pub. Safety,
12-15-94, eff. 7-1-95; A 3-28-96; R096-00, 3-1-2001; A by Dep’t of Motor Veh.
by R150-08, 12-17-2008)