2005 Nevada Revised Statutes - Chapter 374A — Local Tax for Extraordinary Maintenance, Repair or Improvement of School Facilities

CHAPTER 374A - LOCAL TAX FOR EXTRAORDINARYMAINTENANCE, REPAIR OR IMPROVEMENT OF SCHOOL FACILITIES

NRS 374A.010 Impositionof tax in certain counties; rate of tax.

NRS 374A.020 Collectionand administration of tax; distribution and use of proceeds.

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NRS 374A.010 Impositionof tax in certain counties; rate of tax.

1. A tax is hereby imposed on all retailers within acounty in which:

(a) The board of county commissioners of the county hasnot imposed the maximum rate of tax that it is authorized to impose pursuant toNRS 377B.100;

(b) The board of trustees of a county school districthas applied for a grant from the Fund to Assist School Districts in FinancingCapital Improvements pursuant to NRS387.3335; and

(c) The State Board of Examiners has approved theapplication by the board of trustees.

2. The rate of the tax imposed by subsection 1 is thedifference between:

(a) The rate of tax that the board of countycommissioners of the county has imposed pursuant to NRS 377B.100; and

(b) The maximum rate of tax that the board of countycommissioners of the county is authorized to impose pursuant to NRS 377B.100,

but in noevent may the rate imposed by subsection 1 exceed one-eighth of 1 percent ofthe gross receipts of any retailer from the sale of all tangible personal propertysold at retail, or stored, used or otherwise consumed, in the county.

(Added to NRS by 1999, 3221)

NRS 374A.020 Collectionand administration of tax; distribution and use of proceeds.

1. The collection of the tax imposed by NRS 374A.010 must be commenced on thefirst day of the first calendar quarter that begins at least 120 days after thelast condition in subsection 1 of NRS374A.010 is met.

2. The tax must be administered, collected anddistributed in the manner set forth in chapter 374of NRS.

3. The board of trustees of the school district shalltransfer the proceeds of the tax imposed by NRS374A.010 from the county school district fund to the fund described in NRS 354.6105 which must be established bythe board of trustees. The money deposited in the fund described in NRS 354.6105 pursuant to this subsectionmust be accounted for separately in that fund and must only be expended by theboard of trustees for the cost of the extraordinary maintenance, extraordinaryrepair and extraordinary improvement of school facilities within the county.

(Added to NRS by 1999, 3222; A 2001, 1827, 2333; 2003, 162, 2381; 2005, 1778)

 

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