Nev. Admin. Code § 372.700 — 372.700

NAC 372.700    Charitable, religious or educational organizations: Letters of
exemption. ( NRS
360.090 , 372.348 , 372.725 )
1.  An organization requesting exempt status
must submit to the Department an application on a form prescribed by the
Department and copies of:
(a) Its bylaws;
(b) Its articles of incorporation;
(c) Financial information which provides verifiable
sources of income and expenditures, which may include, without limitation, financial
statements and independent audit reports;
(d) Letters of exemption issued to it by any
governmental agency;
(e) If the application is for a charitable
organization, an outline of its charitable activities, fund raisers and goals,
and a copy of its business or strategic plan must be attached; and
(f) Any other information which the Department
deems relevant.
2.  Upon approval of an application, the
Department will issue a letter of exemption. The letter is not transferable.
The organization must notify the Department of changes to the name, address,
telephone number or responsible person of the organization. Each organization
must apply for the renewal of its letter of exemption every 5 years. The
Department will mail a renewal application to the last known address of the
organization at least 90 days before the expiration of the letter of exemption.
Failure to receive a renewal application does not extend the validity of the
exemption beyond the 5 years.
3.  The Department may deny an application
for exemption if it finds that:
(a) The organization has failed to submit
sufficient information on which to grant an exemption; or
(b) The organization does not meet the standards
for exemption.
4.  The Department may withdraw the letter of
exemption issued to any organization if the Department finds that:
(a) The organization is no longer engaged in
charitable, religious or educational pursuits;
(b) The organization has ceased to comply with the
standards for exemption; or
(c) The application contained false or misleading
information.
5.  A charitable, religious or educational
organization may petition the Commission for reconsideration of any action by
the Department denying or withdrawing a letter of exemption. Upon
reconsideration, the Commission may grant or reissue the letter of exemption if
the organization has presented satisfactory evidence that it complies with the
standards for exemption.
6.  As used in this section, “standards for
exemption” means the criteria set out in this section and NRS 372.326 and 372.3261 .
[Tax Comm’n, Combined Sales and Use Tax Ruling part No.
78, eff. 9-17-80]—(NAC A by R084-97, 11-26-97; R181-99, 5-16-2000)