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

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.

Ê 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 678 of NRS or the Federal Credit Union Act, 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.

      (Added to NRS by 2003, 20th Special Session, 136; A 2005, 22nd Special Session, 135)