Nev. Rev. Stat. § 368A.160 — Maintenance and availability of records for determining liability of taxpayer; liability to taxpayer of lessee, assignee or transferee of certain premises; penalty

NRS  368A.160    Maintenance and availability of records for determining
liability of taxpayer; liability to taxpayer of lessee, assignee or transferee
of certain premises; penalty.
1.  Each person responsible for maintaining
the records of a taxpayer shall:
(a) Keep such records as may be necessary to
determine the amount of the liability of the taxpayer pursuant to the
provisions of this chapter;
(b) Preserve those records for:
(1) At least 5 years if the taxpayer is a
licensed gaming establishment or until any litigation or prosecution pursuant
to this chapter is finally determined, whichever is longer; or
(2) At least 4 years if the taxpayer is
not a licensed gaming establishment or until any litigation or prosecution
pursuant to this chapter is finally determined, whichever is longer; and
(c) Make the records available for inspection by
the Board or the Department upon demand at reasonable times during regular
business hours.
2.  The Commission and the Department may
adopt regulations pursuant to NRS 368A.140
specifying the types of records which must be kept to determine the amount of
the liability of a taxpayer for the tax imposed by this chapter.
3.  Any agreement that is entered into,
modified or extended after January 1, 2004, for the lease, assignment or
transfer of any premises upon which any activity subject to the tax imposed by
this chapter is, or thereafter may be, conducted shall be deemed to include a
provision that the taxpayer required to pay the tax must be allowed access to,
upon demand, all books, records and financial papers held by the lessee,
assignee or transferee which must be kept pursuant to this section. Any person
conducting activities subject to the tax imposed by NRS 368A.200 who fails to maintain or
disclose his or her records pursuant to this subsection is liable to the
taxpayer for any penalty paid by the taxpayer for the late payment or
nonpayment of the tax caused by the failure to maintain or disclose records.
4.  A person who violates any provision of
this section is guilty of a misdemeanor.