375A.220 - Refund of overpayment. - Nevada Statutes

375A.220  Refund of overpayment.

      1.  Whenever the Department determines that an overpayment of the tax due under NRS 375A.100 has been made, the person making payment is entitled to a refund of the amount erroneously paid on presentation of proof satisfactory to the Department that the person is entitled to a refund.

      2.  An application for the refund must be made to the Department within 1 year after the date the federal estate tax has been finally determined.

      3.  On proof satisfactory to the Department that the applicant is entitled to a refund, the Department shall refund that amount plus interest as provided by NRS 375A.225.

      4.  The amount of the refund must be paid from the Estate Tax Account in the State General Fund.

      (Added to NRS by 1987, 2103)

      NRS 375A.225  Interest on overpayment.  Interest must be paid upon any overpayment of the tax due under NRS 375A.100 at the rate of interest set by the Executive Director pursuant to NRS 375A.205. Except as otherwise provided in NRS 360.320, the interest must be allowed from the date on which payment of the tax would have become delinquent, if not paid, or the date of actual payment, whichever is later, to a date preceding the date of the refund by not more than 30 days, as determined by the Department.

      (Added to NRS by 1987, 2103; A 1999, 2501)