Nevada § 376A.040 - Imposition, payment and distribution of sales and use tax in certain counties; use of proceeds

of county commissioners of a county whose population is less than 700,000 may by ordinance,

but not as in a case of emergency, impose a tax at the rate of up to one-quarter of

1 percent of the gross receipts of any retailer from the sale of all tangible personal

property sold at retail, or stored, used or otherwise consumed, in the county, after

receiving the approval of a majority of the registered voters of the county voting

on the question at a primary, general or special election. The question may be combined with questions submitted pursuant to NRS 376A.050 or 376A.070 , or both. 2. If a county imposes a sales tax pursuant to this section and NRS 376A.050 , the combined additional sales tax must not exceed one-quarter of 1 percent. A tax imposed pursuant to this section applies throughout the county, including

incorporated cities in the county. 3. Before the election may occur, an open-space plan must be adopted by the board

of county commissioners pursuant to NRS 376A.020 and the adopted open-space plan must be endorsed by resolution by the city council

of each incorporated city within the county. 4. All fees, taxes, interest and penalties imposed and all amounts of tax required

to be paid pursuant to this section must be paid to the Department of Taxation in

the form of remittances payable to the Department of Taxation. The Department of Taxation shall deposit the payments with the State Treasurer for

credit to the Sales and Use Tax Account in the State General Fund. 5. The State Controller, acting upon the collection data furnished by the Department

of Taxation, shall monthly: (a) Transfer from the Sales and Use Tax Account 1.75 percent of all fees, taxes, interest

and penalties collected during the preceding month to the appropriate account in the

State General Fund as compensation to the State for the cost of collecting the tax. (b) Determine for each county an amount of money equal to any fees, taxes, interest

and penalties collected in or for that county pursuant to this section during the

preceding month, less the amount transferred to the State General Fund pursuant to

paragraph (a). (c) Transfer the amount determined for each county to the Intergovernmental Fund and

remit the money to the county treasurer. 6. The money received from the tax imposed pursuant to subsection 5 must be retained

by the county, or remitted to a city or general improvement district in the county. The money received by a county, city or general improvement district pursuant to

this section must only be used to pay the cost of: (a) The acquisition of land in fee simple for development and use as open-space land; (b) The acquisition of the development rights of land identified as open-space land; (c) The creation of a trust fund for the acquisition of land or development rights

of land pursuant to paragraphs (a) and (b); (d) The principal and interest on notes, bonds or other obligations issued by the

county, city or general improvement district for the acquisition of land or development

rights of land pursuant to paragraphs (a) and (b); or (e) Any combination of the uses set forth in paragraphs (a) to (d), inclusive. 7. The money received from the tax imposed pursuant to this section and any applicable

penalty or interest must not be used for any neighborhood or community park or facility. 8. Any money used for the purposes described in this section must be used in a manner: (a) That is consistent with the provisions of the open-space plan adopted pursuant

to NRS 376A.020 ; and (b) That provides an equitable allocation of the money among the county and the incorporated

cities within the county.