Nevada Revised Statutes
Chapter 362 - Taxes on Patented Mines and Proceeds of Minerals
NRS 362.105 - "Royalty" defined.

As used in NRS 362.100 to 362.240, inclusive, unless the context otherwise requires:
1. "Royalty" means a portion of the proceeds from extraction of a mineral which is paid for the privilege of extracting the mineral.
2. "Royalties" do not include:
(a) Rents or other compensatory payments which are fixed and certain in amount and payable periodically over the duration of the lease regardless of the extent of extractions; or
(b) Minimum royalties covering periods when no mineral is extracted if the payments are fixed and certain in amount and payable on a regular periodic basis.
(Added to NRS by 1975, 135; A 1989, 35; 2013, 3143)

<< Previous
Next >>

Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 362 - Taxes on Patented Mines and Proceeds of Minerals

NRS 362.010 - Definitions.

NRS 362.030 - County assessor to assess surface of patented mines and mining claims; exceptions.

NRS 362.040 - Exclusion of assessment from roll.

NRS 362.050 - Affidavit of labor: Requirement for exemption of surface of patented mine or mining claim from taxation; form and contents.

NRS 362.060 - Who may make affidavit.

NRS 362.070 - Contiguous patented mines or mining claims: Performance of work on one mine.

NRS 362.090 - One affidavit may be recorded for labor on several patented mines or mining claims.

NRS 362.095 - Method of taxation of patented mine or mining claim used for purpose other than mining or agriculture.

NRS 362.100 - Duties of Department. [Effective through June 30, 2023.] Duties of Department. [Effective July 1, 2023.]

NRS 362.105 - "Royalty" defined.

NRS 362.110 - Annual statement of gross yield and claimed net proceeds; annual list of lessees.

NRS 362.115 - Annual statement of estimated gross yield, net proceeds and royalties; quarterly reports; payment of portion of estimated tax liability; use of statement. [Effective through June 30, 2023.] Annual statement of estimated gross yield, net...

NRS 362.120 - Computation of gross yield and net proceeds; required reports.

NRS 362.130 - Annual preparation and mailing of certificate by Department; payment of tax due and penalty; overpayments. [Effective through June 30, 2023.] Preparation and mailing of certificate of amount of net proceeds and tax due; due date of tax;...

NRS 362.135 - Appeal of certification to State Board of Equalization; payment of tax pending determination of appeal.

NRS 362.140 - Rate of tax upon net proceeds.

NRS 362.150 - Liens for taxes on proceeds of minerals.

NRS 362.160 - When tax becomes delinquent; collection of delinquency, penalty and interest; appeal of imposition of penalty and interest.

NRS 362.170 - Appropriation to county of amount of tax, penalties and interest attributable to extractive operations in county; apportionment by county treasurer; Department to report amount received as tax upon net proceeds of geothermal resources.

NRS 362.171 - Establishment and use of county fund for mitigation; certain school districts authorized to use money apportioned to school district to retire bonds or other obligations of school district.

NRS 362.175 - Procedure for removal of amount of tax and name from records of Department when tax impossible or impractical to collect.

NRS 362.180 - Burden of proof on taxpayer to show certification by Department to be unjust, improper or invalid.

NRS 362.200 - Powers of Department: Examination of records; hearings.

NRS 362.230 - Penalty for failure to file statements.

NRS 362.240 - Penalty for false statements.