1. Each insurer providing industrial insurance in this state pursuant to chapters 616A to 617, inclusive, of NRS is entitled to a credit against the premium tax paid pursuant to NRS 680B.027 for its policies of industrial insurance in an amount equal to the assessment paid by the insurer to the Division of Industrial Relations of the Department of Business and Industry pursuant to NRS 232.680.
2. The credit provided to an insurer pursuant to subsection 1 does not expire and the insurer may carry forward any unused amount of the credit into subsequent years until the entire amount of the credit is used.
(Added to NRS by 1995, 2049; A 2013, 2642)
Structure Nevada Revised Statutes
NRS 680B.020 - State license exclusive; exception.
NRS 680B.025 - General tax on premiums: Definitions.
NRS 680B.027 - General tax on premiums: Rate; time for payment; prepayment; supplemental statements.
NRS 680B.030 - General tax on premiums: Annual report by insurer.
NRS 680B.033 - General tax on premiums: Computation of tax for factory mutuals.
NRS 680B.035 - General tax on premiums: Payments by domestic insurers.
NRS 680B.0353 - General tax on premiums: Rate and payments by certain risk retention groups.
NRS 680B.036 - General tax on premiums: Credit for policies of industrial insurance.
NRS 680B.0365 - General tax on premiums: Credit for qualified equity investments.
NRS 680B.037 - General tax on premiums: Tax in lieu of other taxes; exception.
NRS 680B.039 - General tax on premiums: Penalty.
NRS 680B.0395 - General tax on premiums: Exemption for authorized reinsurer.
NRS 680B.040 - Independently procured coverages: Report; tax; penalty.
NRS 680B.050 - General tax on premiums: Credit if home office or regional home office in Nevada.
NRS 680B.120 - Refund of overpayments of fees, charges or taxes.