Nevada § 360.263 Power of Nevada Tax Commission to compromise liability of taxpayers under certain circumstances; regulations

Nevada Statutes

§ 360.263 — Power of Nevada Tax Commission to compromise liability of taxpayers under certain circumstances; regulations

Nevada § 360.263

Title 32REVENUE AND TAXATION

Ch. 360General

ADMINISTRATION

This text of Nevada § 360.263 (Power of Nevada Tax Commission to compromise liability of taxpayers under certain circumstances; regulations) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 360.263 (2026).

Text

1. The Nevada Tax Commission may enter into a compromise with a taxpayer concerning the liability of the taxpayer for any tax, contribution, premium, fee, interest or penalty that the Department has determined the taxpayer is required to pay to the State if a majority of the members of the Nevada Tax Commission determine upon affirmative vote that:

(a)It is unlikely that the Department will be able to collect the entire amount of the liability of the taxpayer;

(b)The amount of the liability of the taxpayer is unclear; or

(c)Such a compromise is appropriate based upon considerations of equity and fairness. 2. The Nevada Tax Commission shall adopt regulations to carry out the provisions of this section. 3. As used in this section, “compromise” means acceptance of an amount that is less th

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1. The Nevada Tax Commission may enter into a compromise with a taxpayer concerning the liability of the taxpayer for any tax, contribution, premium, fee, interest or penalty that the Department has determined the taxpayer is required to pay to the State if a majority of the members of the Nevada Tax Commission determine upon affirmative vote that:
(a) It is unlikely that the Department will be able to collect the entire amount of the liability of the taxpayer;
(b) The amount of the liability of the taxpayer is unclear; or
(c) Such a compromise is appropriate based upon considerations of equity and fairness.
2. The Nevada Tax Commission shall adopt regulations to carry out the provisions of this section.
3. As used in this section, “compromise” means acceptance of an amount that is less than the liability as full satisfaction of that liability.