Nevada § 371.106 Owner to notify Department of cessation of exemption; penalty

Nevada Statutes

§ 371.106 — Owner to notify Department of cessation of exemption; penalty

Nevada § 371.106

Title 32REVENUE AND TAXATION

Ch. 371Governmental

This text of Nevada § 371.106 (Owner to notify Department of cessation of exemption; penalty) 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. § 371.106 (2026).

Text

1.Whenever any vehicle ceases to be exempt from taxation under NRS 371.101 , 371.102 , 371.103 or 371.104 because the owner no longer meets the requirements for the exemption provided in those sections, its owner shall immediately notify the Department of the fact.

2.If a person fails to notify the Department as required by subsection 1 and as a result of such failure is allowed a tax exemption to which he or she is not entitled, there shall be added to and collected with the tax otherwise due a penalty equal to double the amount of the tax. If the person’s failure is fraudulent and results in his or her receiving a tax exemption to which he or she is not entitled, the person is also guilty of a gross misdemeanor.

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1. Whenever any vehicle ceases to be exempt from taxation under NRS 371.101 , 371.102 , 371.103 or 371.104 because the owner no longer meets the requirements for the exemption provided in those sections, its owner shall immediately notify the Department of the fact.
2. If a person fails to notify the Department as required by subsection 1 and as a result of such failure is allowed a tax exemption to which he or she is not entitled, there shall be added to and collected with the tax otherwise due a penalty equal to double the amount of the tax. If the person’s failure is fraudulent and results in his or her receiving a tax exemption to which he or she is not entitled, the person is also guilty of a gross misdemeanor.