Section 373.150 - Approval by Department of request for reimbursement; limitations on paymentsUpon timely receipt of a complete request submitted pursuant to this chapter for reimbursement of any tax imposed on special fuels pursuant to NRS 373.062, 373.066 or 373.0663 and receipt of any other information required by the Department, the Department will determine whether to grant or deny the request for reimbursement. If the Department approves a request for reimbursement of the tax imposed on special fuels pursuant to NRS 373.062, 373.066 or 373.0663, for each county in which a tax is imposed on special fuels pursuant to NRS 373.062, 373.066 or 373.0663:
1. The reimbursement must be paid only from money deposited into the trust account for the county during the current fiscal year in accordance with the provisions of NAC 373.160;2. The total amount of money which must be paid by the county in any fiscal year to reimburse any amounts owed to taxpayers must not exceed 20 percent of the total amount of money collected by the county from any tax imposed on special fuels pursuant to NRS 373.062, 373.066 or 373.0663; and3. The reimbursement must not be paid from any money received by the county from any tax imposed pursuant to NRS 373.066 during the term of any bonds outstanding on June 12, 2013, secured by those taxes or of any bonds that refund such bonds, provided that the term of the refunding bonds is not longer than the term of the refunded bonds.Nev. Admin. Code § 373.150
Added by R071-14, eff. 1-16-2015; A by R071-14, eff. 1/1/2017; A by R010-20A, eff. 11/2/2020