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NV SB22
Bill
Status
4/12/2025
Primary Sponsor
Revenue and Economic Development
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AI Summary
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Late payment penalties for oil and fuel taxes administered by the DMV are fixed at exactly 10 percent of the amount owed, eliminating the Department's previous discretion to impose penalties of less than 10 percent
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Applies to taxes and fees under NRS chapters 365, 366, 373, and NRS 445C.330 and 590.120 (oil, fuel, and related taxes)
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Interest continues to accrue at 1 percent per month from the last day of the month following the reporting period until payment
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Penalty waivers remain available if a person can demonstrate the late payment resulted from circumstances beyond their control and occurred without willful neglect
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Fiscal impact: No effect on state or local government revenues
Legislative Description
Revises provisions governing the amount of the penalty for late payment of certain taxes and fees administered by the Department of Motor Vehicles. (BDR 32-303)
Last Action
(Pursuant to Joint Standing Rule No. 14.3.1, no further action allowed.)
4/12/2025