NAC375.400. Reports regarding collection and administration of taxes; submission of certain documentation to Department.

     1. The Department will periodically prepare reports regarding the collection and administration of taxes imposed by chapter 375 of NRS.

     2. Except as otherwise provided in this section, each county recorder shall submit to the Department monthly reports regarding the collection and administration of taxes imposed by chapter 375 of NRS in his county. The reports must include:

     (a) The total number of deeds evidencing a transfer of title to real property that were subject to the taxes imposed by chapter 375 of NRS for the immediately preceding month;

     (b) The total amount of taxes collected for the immediately preceding month;

     (c) The total number of exemptions granted for the immediately preceding month listed by the types of exemptions granted; and

     (d) Such other information as may be useful in coordinating the collection and administration of the taxes imposed by chapter 375 of NRS.

     3. A county recorder is not required to report information required by paragraph (c) of subsection 2 if the system used by the county to collect, process, distribute and store information relating to the collection of the taxes imposed by chapter 375 of NRS cannot provide the required information.

     4. Each county recorder shall submit to the Department a copy of any documentation that is submitted to the State Controller by the county concerning the amount of the proceeds of the tax imposed by NRS 375.020 that is required to be transmitted to the State Controller pursuant to NRS 375.070.

     (Added to NAC by Dep’t of Taxation by R224-03, eff. 4-30-2004)