680B.027 - General tax on premiums: Rate; time for payment; prepayment; supplemental statements. - Nevada Statutes

680B.027  General tax on premiums: Rate; time for payment; prepayment; supplemental statements.

      1.  Except as otherwise provided in NRS 680B.033, 680B.0353, 680B.050 and 690C.110, for the privilege of transacting business in this State, each insurer shall pay to the Department of Taxation a tax upon his or her net direct premiums and net direct considerations written at the rate of 3.5 percent.

      2.  The tax must be paid in the manner required by NRS 680B.030 and 680B.032.

      3.  The Commissioner or the Executive Director of the Department of Taxation may require at any time verified supplemental statements with reference to any matter pertinent to the proper assessment of the tax.

      (Added to NRS by 1983, 713; A 1985, 1639; 1987, 893; 1989, 1842; 1991, 2029; 1993, 1446, 1909; 1995, 486, 577, 2165; 1997, 299, 593; 1999, 405, 1828, 3341; 2001, 115; 2005, 2120)