Nev. Rev. Stat. § 369.350 — Security for taxes: Bonds and deposits; waiver of requirement

1.  Each licensed importer, brewer or wine
maker shall furnish a bond executed by him or her as principal, and by a
corporation qualified under the laws of this State as surety, payable to the
State of Nevada, and conditioned upon the payment of all excise taxes due or to
become due from him or her under the provisions of this chapter. Each bond must
be in a principal sum equal to the greatest excise tax paid by the importer,
brewer or wine maker in any quarter of the preceding year, or if such a
standard is not available, then in a sum required from a licensee operating
under conditions deemed comparable by the Department. In no case may a bond be
for an amount less than $1,000. When cash or a savings certificate, certificate
of deposit or investment certificate is used, the amount required must be
rounded off to the next larger integral multiple of $100.
2.  In lieu of a bond a licensed importer,
brewer or wine maker may deposit with the Department, under such terms as the
Department may prescribe, a like amount of lawful money of the United States or
any other form of security authorized by NRS
100.065 . If security is provided in the form of a savings certificate,
certificate of deposit or investment certificate, the certificate must state
that the amount is unavailable for withdrawal except upon order of the
Department. The Department shall deposit all cash and bonds of the United
States or of the State of Nevada received pursuant to this subsection with the
State Treasurer as custodian.
3.  Notwithstanding any other provision of
this section, upon application and a satisfactory showing therefor, the
Department may, from time to time, increase or decrease the amount of the
required bond, having consideration for the amount of importations made by the
importer or the amount of beer or wine possessed or sold by the brewer or wine
maker, respectively.
4.  Notwithstanding any other provision of
this section, the Department may waive the requirement of a bond pursuant to
this section whenever a licensed importer, brewer or wine maker has maintained
a satisfactory record of payment of excise taxes for a period of not less than
5 consecutive years.