NAC362.030. Annual statement of gross yield and claimed net proceeds: Form and contents.

     1. All information in the statement which is required by NRS 362.110 to be filed must be submitted on forms supplied by the Department or in a manner which is acceptable to the Department.

     2. The following property must be reported:

     (a) Leasehold improvements and buildings;

     (b) Fixed machinery and equipment;

     (c) Mobile machinery and equipment; and

     (d) Automobiles and light service vehicles such as pickups and panel trucks.

     3. Each cost submitted for depreciation must be the complete cost to the taxpayer, and must include all delivery, taxes and installation charges.

     4. Each asset must be listed on a table which sets forth:

     (a) A clear identification of the asset;

     (b) The cost of the construction or acquisition of the asset and the date on which the construction of the asset was completed or the asset was acquired;

     (c) The depreciation class, such as buildings, fixed equipment, mobile machinery and equipment, or automobile and light service vehicles;

     (d) The total amount of depreciation granted; and

     (e) The amount claimed for the present tax period.

Ê An integrated processing assembly which consists of components of individual manufacture, and which is installed as a unit, may be reported as a unit. The report must describe the function of the unit and list its principal components in detail.

     [Tax Comm’n, Mine Proceeds Reg. No. 3 § 1, eff. 8-6-80]—(NAC A by R048-01, 11-1-2001; R058-11, 12-30-2011, eff. 7-1-2012)