Nevada § 362.230 - Penalty for failure to file statements

§ 362.230. Penalty for failure to file statements

1. Every person extracting any mineral in this state, or receiving a royalty in connection

therewith, who fails to file with the Department the statements provided for in NRS 362.100 to 362.240 , inclusive, during the time and in the manner provided for in NRS 362.100 to 362.240 , inclusive, shall pay a penalty of not more than $5,000. If any such person fails to file the statement, the Department may ascertain and certify

the net proceeds of the minerals extracted or the value of the royalty from all data

and information obtainable, and the amount of the tax due must be computed on the

basis of the amount due so ascertained and certified. 2. The Executive Director shall determine the amount of the penalty. This penalty becomes a debt due the State of Nevada and, upon collection, must be

deposited in the State Treasury to the credit of the State General Fund. 3. Any person extracting any mineral or receiving a royalty may appeal from the imposition

of the penalty to the Nevada Tax Commission by filing a notice of appeal in accordance

with the requirements set forth in NRS 360.245 .