Nevada Tax Amnesty

The Nevada Department of Taxation sent out an email with details on Nevada’s tax amnesty program. You’re thinking, “Taxes in Nevada? There are no income taxes in Nevada.” And that’s absolutely correct, but many businesses do pay taxes in Nevada. The amnesty covers:

Sales and Use Tax, Modified Business Tax, Cigarette Tax, Other Tobacco Products Tax, Liquor Tax, Bank Branch Excise Tax, Insurance Premium Tax, Tire Tax, Live Entertainment Tax (non-gaming), Short Term Lessor (Passenger Car Governmental Service Fee), Exhibition Facilities Fees, Commerce Tax, Transportation Connection Tax, Wholesale Marijuana Excise Tax, Retail Marijuana Excise Tax, Centrally Assessed Property Tax, and Net Proceeds of Mineral Tax.

The amnesty program doesn’t cover all taxes (lodging, real property transfer tax, and locally assessed property taxes are among the taxes not covered by the amnesty.

The amnesty program allows penalty and interest to be waived providing the outstanding tax delinquency meets the following criteria:

  1. The tax was due and payable on or before 6/30/2020, which includes:
    • All monthly tax returns due on or before June 30, 2020
    • All quarterly tax returns due on or before April 30, 2020
    • All annual tax returns due on or before January 31, 2020
  2. The delinquent tax amount is paid in full for the period. If a taxpayer has several delinquent returns but is only able to pay one or more periods, the penalty and interest may be waived for each period provided the tax was paid in full and;
  3. The delinquent tax is paid during the amnesty period of February 1, 2021 and May 1, 2021.

The amnesty begins on February 1st and runs three months. Interested taxpayers should read the Nevada Department of Taxation notice and the FAQ.

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