Nev. Rev. Stat. § 363C.200 — Imposition; payment of tax; filing of return; extension of time for payment; payment of interest during period of extension

NRS  363C.200    Imposition; payment of tax; filing of return; extension of time
for payment; payment of interest during period of extension.
1.  For the privilege of engaging in a
business in this State, a commerce tax is hereby imposed upon each business entity
whose Nevada gross revenue in a taxable year exceeds $4,000,000 in an amount
determined pursuant to NRS 363C.300 to
363C.560 , inclusive. The commerce tax
is due and payable as provided in this section.
2.  Each business entity whose Nevada gross
revenue in a taxable year exceeds $4,000,000 shall, on or before the 45th day
immediately following the end of that taxable year, file with the Department a
return on a form prescribed by the Department. The Department shall not require
a business entity whose Nevada gross revenue for a taxable year is $4,000,000
or less to file a return for that taxable year. The return required by this
subsection must include such information as is required by the Department.
3.  For the purposes of determining the
amount of the commerce tax due pursuant to this chapter, the initial return
filed by a business entity with the Department pursuant to subsection 2 must
designate the business category in which the business entity is primarily
engaged. A business entity may not change the business category designated for
that business entity unless the person applies to the Department to change such
designation and the Department determines that the business is no longer
primarily engaged in the designated business category.
4.  A business entity shall remit with the
return the amount of commerce tax due pursuant to subsection 1. Upon written
application made before the date on which payment of the commerce tax due
pursuant to this chapter must be made, the Department may for good cause extend
by not more than 30 days the time within which a business entity is required to
pay the commerce tax. If the commerce tax is paid during the period of
extension, no penalty or late charge may be imposed for failure to pay the
commerce tax at the time required, but the business entity shall pay interest
at the rate of 0.75 percent per month from the date on which the amount would
have been due without the extension until the date of payment, unless otherwise
provided in NRS 360.232 or 360.320 .