NAC375.410. Examination by Department of records of county.

The Department may examine the records of each county to determine whether the county is complying with statutory and regulatory requirements governing the calculation, collection and distribution of the tax imposed by NRS 375.023. In conducting such examinations, the Department will:

     1. Review a sample of the deeds presented to the county recorder for recordation to verify that the amount of tax collected was proper and whether the basis of the tax was reported correctly and exemptions were properly allowed.

     2. Verify that the collection allowance authorized to be deducted and withheld from the taxes collected is properly calculated.

     3. Verify that required reports are submitted in a timely manner.

     4. Verify that all amounts collected are transmitted to the proper authority in a timely manner.

     5. Verify that proper procedures are being followed for recording certificates of delinquency, releasing liens and administering requests for the correction of assessments.

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