Nevada § 463.388 - Determination of deficiency: Recomputation or estimate of taxes or fees; accrual of interest on unpaid taxes; offsetting overpayments; refund of excess
Full text of Nevada Nevada Revised Statutes § 463.388 — Determination of deficiency: Recomputation or estimate of taxes or fees; accrual of interest on unpaid taxes; offsetting overpayments; refund of excess, with citation guidance and answers to common questions.
§ 463.388. Determination of deficiency: Recomputation or estimate of taxes or fees; accrual of interest on unpaid taxes; offsetting overpayments; refund of excess
1. If any person fails to make a report of the state license fees or taxes as required
by this chapter, or if the Board is not satisfied with the report of the state license
fees or taxes required to be paid to the State pursuant to this chapter by any person,
the Board may compute and determine the amount required to be paid upon the basis
of: (a) The facts contained in the report, if any; (b) An audit conducted by the Board; (c) An estimate of the amount of taxes or fees due pursuant to the provisions of this
chapter; (d) Any information within its possession or that may come into its possession; or (e) Any combination of the methods described in paragraphs (a) to (d), inclusive. 2. Any interest on the tax unpaid by reason of a credit instrument that is the subject
of a determination by the Board pursuant to NRS 463.371 accrues from the first day of the second month following the month in which the action
or omission on which the determination is based occurred. 3. In making such a determination, the Board may offset overpayments and interest
due thereon against underpayments and interest or penalties due thereon for the period
of the audit. 4. If overpayments and interest thereon exceed underpayments, penalties and interest
thereon, the excess must be refunded to the licensee except where otherwise expressly
provided.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 463.388
What does Nevada Revised Statutes § 463.388 cover?
Section 463.388 ("Determination of deficiency: Recomputation or estimate of taxes or fees; accrual of interest on unpaid taxes; offsetting overpayments; refund of excess") 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 § 463.388?
A common citation format is "Nevada Revised Statutes § 463.388" (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 § 463.388 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.