Nevada § 363C.140 - Method of accounting
Full text of Nevada Nevada Revised Statutes § 363C.140 — Method of accounting, with citation guidance and answers to common questions.
§ 363C.140. Method of accounting
A business entity's method of accounting for gross revenue for a taxable year for
the purposes of determining the amount of the commerce tax owed by the business entity
must be the same as the business's method of accounting for federal income tax purposes
for the business's federal taxable year which includes that calendar quarter. If a business entity's method of accounting for federal income tax purposes changes,
its method of accounting for gross revenue pursuant to this chapter must be changed
accordingly.
Frequently Asked Questions About Nevada § 363C.140
What does Nevada Revised Statutes § 363C.140 cover?
Section 363C.140 ("Method of accounting") 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 § 363C.140?
A common citation format is "Nevada Revised Statutes § 363C.140" (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 § 363C.140 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.