Nevada § 360.340 Penalty for deficiency resulting from fraud or intentional evasion of payment of tax or fee or of regulations

Nevada Statutes

§ 360.340 — Penalty for deficiency resulting from fraud or intentional evasion of payment of tax or fee or of regulations

Nevada § 360.340

Title 32REVENUE AND TAXATION

Ch. 360General

DETERMINATION OF DEFICIENT PAYMENT

This text of Nevada § 360.340 (Penalty for deficiency resulting from fraud or intentional evasion of payment of tax or fee or of 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. § 360.340 (2026).

Text

If any part of the deficiency for which a deficiency determination is made is due to fraud or an intent to evade the payment of a tax or fee administered by the Department or the authorized regulations of the Department, a penalty of:

1.Except as otherwise provided in subsection 2, 25 percent of the amount of the determination must be added thereto.

2.In the case of a tax imposed pursuant to chapter 372 or 374 of NRS with respect to the sale, storage, use or other consumption of any vehicle, vessel or aircraft, three times the amount of the determination must be added thereto.

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If any part of the deficiency for which a deficiency determination is made is due to fraud or an intent to evade the payment of a tax or fee administered by the Department or the authorized regulations of the Department, a penalty of:
1. Except as otherwise provided in subsection 2, 25 percent of the amount of the determination must be added thereto.
2. In the case of a tax imposed pursuant to chapter 372 or 374 of NRS with respect to the sale, storage, use or other consumption of any vehicle, vessel or aircraft, three times the amount of the determination must be added thereto.