Nev. Rev. Stat. § 361.321 — Report of new construction by business; valuation for assessment purposes; supplemental tax bill; payment and apportionment of taxes

NRS  361.321    Report of new construction by business; valuation for assessment
purposes; supplemental tax bill; payment and apportionment of taxes.
1.  Any business which owns, manages or
operates property that is assessed pursuant to NRS 361.320 shall, on or before the first
Monday in September of each year, submit to the Department a report of any
construction which represents a net addition to its property as distinguished
from an addition of property exempt from taxation, a replacement or repair:
(a) During the period from July 1 to December 31
of the preceding fiscal year; and
(b) During the period from January 1 to June 30
of the preceding fiscal year.
2.  At the regular session of the Nevada
Tax Commission commencing on the first Monday in October of each year, the
Nevada Tax Commission shall establish the valuation of, for assessment
purposes:
(a) The property reported pursuant to paragraph
(b) of subsection 1, and enter that valuation on the central assessment roll
pursuant to NRS 361.3205 for the next
fiscal year; and
(b) The property reported pursuant to paragraphs
(a) and (b) of subsection 1 for supplemental tax bills for the current fiscal
year.
3.  The Department shall mail a
supplemental tax bill to each person reporting construction pursuant to
subsection 1 by November 1 of each year. The bills must be mailed pursuant to
subsection 2 of NRS 361.3205 .
4.  Taxes assessed pursuant to paragraph
(b) of subsection 2 must be paid to the Department by December 15 of each year.
Upon receipt, the Department shall apportion and promptly remit all taxes due
each county.
5.  The county assessor of each county
shall not assess property assessed pursuant to this section.