Nevada § 361.318 - Reports by companies that use property of interstate or intercounty nature: Filing requirements; extension of time to file; failure to file
Full text of Nevada Nevada Revised Statutes § 361.318 — Reports by companies that use property of interstate or intercounty nature: Filing requirements; extension of time to file; failure to file, with citation guidance and answers to common questions.
§ 361.318. Reports by companies that use property of interstate or intercounty nature: Filing requirements; extension of time to file; failure to file
1. To enable the Nevada Tax Commission to establish appropriate valuations of property
pursuant to subsection 1 of NRS 361.320 , each company that uses property subject to valuation pursuant to subsection 1 of NRS 361.320 shall file with the Nevada Tax Commission a written report, signed under penalty
of perjury, that contains such financial and other information as required by the
Nevada Tax Commission. Except as otherwise provided in subsection 2, the report must be filed: (a) On or before March 31 of each year; or (b) If the Nevada Tax Commission notifies the company that the Nevada Tax Commission
will determine the valuation of the property for the first time or because the property
has been found to be escaping taxation, within 45 days after receipt of the notification. 2. A company subject to the reporting requirements of subsection 1 may, at any time
before the date otherwise due for the filing of the report, submit a written request
to the Department for an extension of time in which to file the report with the Nevada
Tax Commission. If the Department determines that good cause exists for an extension, the Department
may grant the company a 45-day extension in which to file the report. 3. If a company subject to the reporting requirements of subsection 1 fails to provide
the required report to the Nevada Tax Commission by the date due, the Nevada Tax Commission
may make an estimate of the value of the property and assess it accordingly. 4. If a company subject to the reporting requirements of subsection 1 fails to file
a required report by the date due, the company shall pay to the Department a penalty
of 10 percent of the tax due or $5,000, whichever is less. The Department shall deposit any amount paid as a penalty in the State General Fund.
The Department may, for good cause shown, waive the payment of the penalty or any
part thereof.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 361.318
What does Nevada Revised Statutes § 361.318 cover?
Section 361.318 ("Reports by companies that use property of interstate or intercounty nature: Filing requirements; extension of time to file; failure to file") 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 § 361.318?
A common citation format is "Nevada Revised Statutes § 361.318" (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 § 361.318 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.