Nevada § 374.785 - Sales and Use Tax Account: Remittances; deposits; transfers

§ 374.785. Sales and Use Tax Account: Remittances; deposits; transfers

1. All fees, taxes, interest and penalties imposed and all amounts of tax required

to be paid to counties under this chapter must be paid to the Department in the form

of remittances payable to the Department. 2. The Department shall deposit the payments in the State Treasury to the credit of

the Sales and Use Tax Account in the State General Fund. 3. The State Controller, acting upon the collection data furnished by the Department,

shall, each month, from the Sales and Use Tax Account in the State General Fund: (a) Transfer .75 percent of all fees, taxes, interest and penalties collected in each

county during the preceding month to the appropriate account in the State General

Fund as compensation to the State for the costs of collecting the tax. (b) Transfer .75 percent of all fees, taxes, interest and penalties collected during

the preceding month from out-of-state businesses not maintaining a fixed place of

business within this State to the appropriate account in the State General Fund as

compensation to the State for the costs of collecting the tax. (c) Transfer the total amount of fees, taxes, interest and penalties collected pursuant

to this chapter during the preceding month, less the amount transferred pursuant to

paragraphs (a) and (b) and excluding any amounts required to be remitted pursuant

to NRS 360.850 and 360.855 , to the State Education Fund.