Nevada Revised Statutes — Title 32 (Revenue and Taxation)
Nev. Rev. Stat. § 370A.140 — Participation in Master Settlement Agreement or deposits into qualified escrow fund required
NRS 370A.140 Participation in Master Settlement Agreement or deposits into
qualified escrow fund required. A
manufacturer of tobacco products that sells cigarettes to consumers in this
state, directly or through a distributor, retailer or similar intermediary or
intermediaries, after May 24, 1999, shall do one of the following:
1. Become a participating manufacturer and
generally perform its financial obligations under the Master Settlement
Agreement; or
2. Deposit into a qualified escrow fund,
on or before April 15 of the year following the year in question, the following
amounts as such amounts are adjusted for inflation:
(a) For the year 1999, $0.0094241 for each unit
sold after May 24, 1999;
(b) For the year 2000, $0.0104712 for each unit
sold;
(c) For each of the years 2001 and 2002,
$0.0136125 for each unit sold;
(d) For each of the years 2003 through 2006,
$0.0167539 for each unit sold; and
(e) For each of the year 2007 and each year
thereafter, $0.0188482 for each unit sold.
Source: official text