Nevada Tax Department Updates Provisions on Sales and Use Tax Rates, Local School Support Tax

The Nevada Department of Taxation has published provisions regarding the state’s sales and use tax laws under NRS 372, NRS 374, NRS 377, and the Nevada Administrative Code. These provisions outline requirements for sellers, including obtaining permits for $15.00 per location, filing returns by the 20th day of the month following the reporting period, maintaining comprehensive business records for at least four years or eight years for unregistered businesses, and remitting taxes with penalties for late payments ranging from 2 percent to 10 percent based on the number of days late. [Nev. Dep’t of Tax’n, Sales and Use Tax General ...