Nev. Rev. Stat. § 362.170 — Appropriation to county of amount of tax, penalties and interest attributable to extractive operations in county; apportionment by county treasurer; deposit of certain amount of tax, penalties and interest to credit of State Education Fund; Department to report amount received as tax upon net proceeds of geothermal resources

NRS  362.170    Appropriation to county of amount of tax, penalties and interest
attributable to extractive operations in county; apportionment by county
treasurer; deposit of certain amount of tax, penalties and interest to credit
of State Education Fund; Department to report amount received as tax upon net
proceeds of geothermal resources.
1.  There is hereby appropriated to each
county the total of the amounts obtained by multiplying, for each extractive
operation situated within the county, the net proceeds of that operation and
any royalties paid by that operation, by the combined rate of tax ad valorem,
excluding any rate levied by the State of Nevada and any rate levied for a
county school district for any purpose other than capital projects or debt
service for the county school district, for property at that site, plus a pro
rata share of any penalties and interest collected by the Department for the
late payment of taxes distributed to the county. The Department shall report to
the State Controller on or before May 25 of each year the amount appropriated
to each county, as calculated for each operation from the final statement made
in February of that year for the preceding calendar year. The State Controller
shall distribute all money due to a county on or before May 30 of each year.
2.  The county treasurer shall apportion to
each local government or other local entity an amount calculated by:
(a) Determining the total of the amounts obtained
by multiplying, for each extractive operation situated within its jurisdiction,
the net proceeds of that operation and any royalty payments paid by that
operation, by the rate levied on behalf of that local government or other local
entity, excluding any rate levied for a county school district for any purpose
other than capital projects or debt service for the county school district;
(b) Adding to the amount determined pursuant to
paragraph (a) a pro rata share of any penalties and interest collected by the
Department for the late payment of taxes distributed to that local government
or local entity; and
(c) Subtracting from the amount determined
pursuant to paragraph (b) a commission of 5 percent, of which 3 percent must be
deposited in the county general fund and 2 percent must be accounted for
separately in the account for the acquisition and improvement of technology in
the office of the county assessor created pursuant to NRS 250.085 .
3.  The amounts apportioned pursuant to
subsection 2, including, without limitation, the amount retained by the county
and excluding the percentage commission, must be applied to the uses for which
each levy was authorized in the same proportion as the rate of each levy bears
to the total rate.
4.  The Department shall deposit to the
credit of the State Education Fund the total of the amounts obtained by
multiplying, for each extractive operation situated within a county, the net
proceeds of that operation and any royalties paid by that operation, by the
combined rate of tax ad valorem levied in that county for the county school
district for any purpose other than capital projects or debt service for the county
school district, plus a pro rata share of any penalties and interest collected
by the Department for the late payment of taxes deposited to the credit of the
State Education Fund.
5.  The Department shall report to the
State Controller on or before May 25 of each year the amount received as tax
upon the net proceeds of geothermal resources which equals the product of those
net proceeds multiplied by the rate of tax levied ad valorem by the State of
Nevada.