370.150 - Licenses: Period of validity; renewal; fees. - Nevada Statutes

370.150  Licenses: Period of validity; renewal; fees.

      1.  Each license issued by the Department is valid only for the calendar year for which it is issued, and must be renewed annually.

      2.  The Department shall not charge any license fees for a manufacturer’s or retail dealer’s license.

      3.  An annual license fee of $150 must be charged for each wholesale dealer’s license. If such a license is issued at any time during the year other than on January 1, except for the renewal of a delinquent license pursuant to subsection 5, the licensee shall pay a proportionate part of the annual fee for the remainder of the year, but not less than 25 percent of the annual license fee.

      4.  The fees for a wholesale dealer’s license are due and payable on January 1 of each year. If the annual license fee is not paid by January 15, the license is cancelled automatically.

      5.  A wholesale dealer’s license which is cancelled for nonpayment of the annual license fee may be renewed at any time by the payment of the fee plus a 5 percent penalty thereon.

      [7:192:1947; 1943 NCL § 6528.07]—(NRS A 1977, 785; 2005, 1194)