No penalty may be assessed for the delinquent payment of a governmental services tax if:
1. After the date the tax became due, the vehicle is repossessed on behalf of the legal owner;
2. The tax is paid within 30 days after taking possession; and
3. A transfer of registration to a new owner is applied for during that time.
(Added to NRS by 1963, 1121; A 2001, 294)
Structure Nevada Revised Statutes
Chapter 371 - Governmental Services Tax
NRS 371.030 - Basic governmental services tax: Imposition.
NRS 371.040 - Basic governmental services tax: Annual amount.
NRS 371.050 - Valuation of vehicles.
NRS 371.060 - Schedules for depreciation; minimum amount of tax.
NRS 371.085 - Proration of tax by interstate motor carrier.
NRS 371.090 - Computation of tax and penalty.
NRS 371.101 - Exemption of vehicle registered by surviving spouse.
NRS 371.102 - Exemption of vehicle registered by person who is blind.
NRS 371.106 - Owner to notify Department of cessation of exemption; penalty.
NRS 371.107 - Duties of county assessor in county whose population is 55,000 or more.
NRS 371.120 - Collection; issuance of receipt.
NRS 371.140 - Penalty for delinquency; proof of nonoperation; exceptions.
NRS 371.150 - Collection of current tax; circumstances precluding imposition of penalty.
NRS 371.170 - Exemption from penalty when vehicle repossessed; conditions.
NRS 371.180 - Waiver of penalties accruing before transfer of vehicle.
NRS 371.200 - Notice to legal owner before sale of vehicle.
NRS 371.210 - Payment of tax, penalties and costs by legal owner before sale; return of vehicle.
NRS 371.220 - Refund of tax or penalty erroneously collected.
NRS 371.230 - Deposit of money collected to credit of Motor Vehicle Fund.