2013 Nevada Revised Statutes
Chapter 362 - Taxes on Patented Mines and Proceeds of Minerals
NRS 362.015 - Legislative declaration. [Effective November 25, 2014, if the provisions of Senate Joint Resolution No. 15 (2011) are approved and ratified by the voters at the 2014 General Election.]
The Legislature hereby finds and declares that:
1. Within the State of Nevada, there are many valuable yet nonrenewable and finite mineral resources.
2. The extraction of minerals from the State of Nevada is an important economic activity that is essential to the prosperity of this State and the Nation.
3. Although beneficial, the extraction of minerals from the State of Nevada comes with various environmental and ecological impacts.
4. For the protection and benefit of the public s health, safety and welfare, this chapter imposes, for the privilege of engaging in mineral extraction in the State of Nevada, an excise tax upon mineral extraction by each extractive operation and upon all royalties paid by each extractive operation.
5. This chapter does not impose an ad valorem or property tax upon the value of the mineral extracted or the gross yield or net proceeds from the mineral extraction by each extractive operation or the royalties paid by each extractive operation.
(Added to NRS by 2013, 3120, effective November 25, 2014, if the provisions of Senate Joint Resolution No. 15 (2011) are approved and ratified by the voters at the 2014 General Election)
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