Nev. Rev. Stat. § 360.264 — Delinquent taxes: Annual reports; designation as bad debt and removal from state books of account; master file of bad debts

NRS  360.264    Delinquent taxes: Annual reports; designation as bad debt and
removal from state books of account; master file of bad debts.
1.  On or before January 15 of each year,
the Department shall prepare and furnish to the Nevada Tax Commission a report
that shows all money owed to the Department for delinquent payments of any tax
administered by the Department during the preceding year.
2.  The Department shall include in the
report prepared pursuant to subsection 1 the amount of any delinquent taxes
that the Department determines is impossible or impractical to collect.
3.  If the Department determines that it is
impossible or impractical to collect any amount of delinquent taxes, the Nevada
Tax Commission shall request that the State Board of Examiners designate such
amount as a bad debt. The State Board of Examiners, by an affirmative vote of
the majority of the members of the Board, may designate the delinquent taxes as
a bad debt if the Board is satisfied that the collection of the delinquent
taxes is impossible or impractical. If the amount of the delinquent taxes is
not more than $50, the State Board of Examiners may delegate to its Clerk the
authority to designate delinquent taxes as a bad debt. The Nevada Tax
Commission may appeal to the State Board of Examiners a denial by the Clerk of
a request to designate delinquent taxes as a bad debt.
4.  Upon the designation of delinquent
taxes as a bad debt pursuant to this section, the State Board of Examiners or
its Clerk shall immediately notify the State Controller thereof. Upon receiving
the notification, the State Controller shall direct the removal of the bad debt
from the books of account of the State of Nevada. A bad debt that is removed
pursuant to this section remains a legal and binding obligation owed by the
debtor to the State of Nevada.
5.  The State Controller shall keep a
master file of all delinquent taxes that are designated as bad debts pursuant
to this section. For each such debt, the State Controller shall record the name
of the debtor, the amount of the debt, the date on which the debt was incurred
and the date on which it was removed from the records and books of account of
the State of Nevada, and any other information concerning the debt that the
State Controller determines is necessary.