Nevada Revised Statutes — Title 32 (Revenue and Taxation)
Nev. Rev. Stat. § 366.195 — Additional excise tax levied on special fuel if federal tax reduced or discontinued
NRS 366.195 Additional excise tax levied on special fuel if federal tax
reduced or discontinued.
1. In addition to any other tax provided
for in this chapter, there must be levied an excise tax on special fuel.
2. This tax must be imposed and will
increase if the tax collected by the Federal Government, pursuant to the
provisions of 26 U.S.C. § 4041 or any other tax collected by the Federal
Government relating to special fuel is reduced or discontinued in whole or in
part. The amount of the tax so imposed by this State must be equal to the
amount by which the federal tax is reduced.
Source: official text