Nevada § 363A.120 - Excise tax on banks: Imposition, amount and payment; filing of return

§ 363A.120. Excise tax on banks: Imposition, amount and payment; filing of return

1. There is hereby imposed an excise tax on each bank at the rate of $1,750 for each

branch office maintained by the bank in this State in excess of one branch office

maintained by the bank in each county in this State on the first day of each calendar

quarter. 2. Each bank that maintains more than one branch office in any county in this State

on the first day of a calendar quarter shall, on or before the last day of the first

month of that calendar quarter: (a) File with the Department a return on a form prescribed by the Department; and (b) Remit to the Department any tax due pursuant to this section for the branch offices

maintained by the bank in this State on the first day of that calendar quarter. 3. For the purposes of this section: (a) “ Bank ” means: (1) A corporation or limited-liability company that is chartered by this State, another

state or the United States which conducts banking or banking and trust business;

or (2) A foreign bank licensed pursuant to chapter 666A of NRS . The term does not include a financial institution engaging in business pursuant to chapter 677 of NRS , a credit union organized under the provisions of chapter 672 of NRS or the Federal Credit Union Act, 1 or any person or other entity this State is prohibited from taxing under the Constitution,

laws or treaties of the United States or the Nevada Constitution. (b) “ Branch office ” means any location or facility of a bank where deposit accounts are opened, deposits

are accepted, checks are paid and loans are granted, including, but not limited to,

a brick and mortar location, a detached or attached drive-in facility, a seasonal

office, an office on a military base or government installation, a station or unit

for paying and receiving, and a location where a customer can open accounts, make

deposits and borrow money by telephone or through use of the Internet, and excluding

any automated teller machines, consumer credit offices, contractual offices, customer

bank communication terminals, electronic fund transfer units and loan production offices. 1

12 U.S.C.A. § 1751 et seq.