Nevada § 360.340 - Penalty for deficiency resulting from fraud or intentional evasion of payment of tax or fee or of regulations
Full text of Nevada Nevada Revised Statutes § 360.340 — Penalty for deficiency resulting from fraud or intentional evasion of payment of tax or fee or of regulations, with citation guidance and answers to common questions.
§ 360.340. Penalty for deficiency resulting from fraud or intentional evasion of payment of tax or fee or of regulations
If any part of the deficiency for which a deficiency determination is made is due
to fraud or an intent to evade the payment of a tax or fee administered by the Department
or the authorized regulations of the Department, a penalty of: 1. Except as otherwise provided in subsection 2, 25 percent of the amount of the determination
must be added thereto. 2. In the case of a tax imposed pursuant to chapter 372 or 374 of NRS with respect to the sale, storage, use or other consumption of any vehicle, vessel
or aircraft, three times the amount of the determination must be added thereto.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 360.340
What does Nevada Revised Statutes § 360.340 cover?
Section 360.340 ("Penalty for deficiency resulting from fraud or intentional evasion of payment of tax or fee or of regulations") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 360.340?
A common citation format is "Nevada Revised Statutes § 360.340" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 360.340 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.