NAC360.452. Requirements for agreement; personal guaranty.

     1. An agreement to pay taxes, interest and penalties in installments pursuant to NAC 360.450 or 360.456 must:

     (a) Be in writing.

     (b) Except as otherwise provided in this paragraph, contain a personal guaranty by two responsible persons in their individual capacities. If there is only one responsible person, the agreement must contain the personal guaranty of that person in his or her individual capacity. In lieu of or in addition to any personal guaranty required by this paragraph, the Department may require a personal guaranty of any other person agreed upon by the taxpayer and the Department.

     (c) Be accompanied by the initial payment required by the terms of the agreement.

     2. As used in this section, “responsible person” has the meaning ascribed to it in subsection 2 of NRS 360.297.

     (Added to NAC by Tax Comm’n by R046-01, eff. 11-1-2001; A by R202-08, 10-15-2010)