Nev. Rev. Stat. § 360.7575 — Document certifying abatement or partial abatement: Issuance; failure to present; refunds of sales and use tax on transactions when document not presented

NRS  360.7575    Document certifying abatement or partial abatement: Issuance;
failure to present; refunds of sales and use tax on transactions when document
not presented.
1.  If the Office of Economic Development
approves an application for an abatement of sales and use taxes pursuant to NRS 360.950 or a partial abatement of any
sales and use taxes pursuant to NRS 274.310 ,
274.320 , 274.330 , 360.750 ,
360.753 , 360.754 or 360.890 , the Department shall issue to the
business a document certifying the abatement or partial abatement which can be
presented to retailers at the time of purchase. The document must clearly state
that the business is not required to pay sales and use taxes or the rate of
sales and use tax that the business is required to pay.
2.  If the Department has issued to a
business a document pursuant to subsection 1 and the business pays an amount of
sales and use taxes for which the business was entitled to an abatement because
the business fails to present the document, the business may apply to the
Department for a refund of the amount of sales and use tax paid for which the
business was entitled to an abatement. If the Department has issued to a
business a document pursuant to subsection 1 and the failure of the business to
present the document results in the business paying the full amount of sales
and use tax on 50 percent or more of the purchases for which the business was
eligible for the abatement, the Department shall impose on the business a
penalty equal to 10 percent of the total amount of the abatement. The
Department shall distribute the proceeds of any penalty imposed pursuant to
this subsection to each local government affected by a refund issued pursuant
to this subsection in proportion to the amount of the refunds for which the
affected local government is responsible.
3.  If, after submitting an application for
an abatement of sales and use taxes pursuant to NRS 360.950 or a partial abatement of any
sales and use taxes pursuant to NRS 360.750 ,
360.753 , 360.754 or 360.890 and before receiving the document
issued pursuant to subsection 1, a business pays an amount of sales and use tax
for which the business is entitled to an abatement, the business may apply to
the Department for a refund of the amount of sales and use tax which the
applicant paid for which the business is entitled to an abatement.
4.  Notwithstanding any other provision of
law, no interest is allowed on a refund made pursuant to subsection 2 or 3.

TRANSFERABLE TAX CREDITS FOR FILM AND OTHER PRODUCTIONS