Nev. Rev. Stat. § 375A.685 — Compromise of tax with executor and taxing officials

Notwithstanding the commencement of a legal
action for determination of domicile within this state or the commencement of
an arbitration proceeding, the Department may in any case enter into a written
agreement with the other taxing officials involved and with the executors to
accept a certain sum in full payment of any death tax, together with interest and
penalties, that may be due this state at any time before that proceeding is
concluded. The agreement shall be deemed to fix the amount to be paid the other
states involved in the dispute. Upon the filing of the agreement with the
Department, an assessment must be made as provided in that agreement. The
assessment finally and conclusively fixes the amount of death tax due this
state. If the aggregate amount payable under the agreement or under an
agreement made in accordance with the provisions of NRS 375A.640 to the states involved is
less than the minimum credit allowable to the estate against the federal estate
tax, the executor shall also pay to this state the same percentage of the difference
between that aggregate amount and the amount of the credit as the amount
payable to this state under the agreement bears to the aggregate amount.