§ 4.07.110. Imposition, rate, annual increase, allocation, disbursement and use of tax  


Latest version.
  • 1. In addition to any other taxes imposed pursuant to this title, each person responsible for payment to the state of a tax on any special fuel under NRS Chapter 366 shall, not later than the last day of each calendar month, pay an excise tax on each gallon of special fuel sold in this county, other than any special fuel described in Section 4.07.080, 4.07.090 or 4.07.100, in an amount equal to the product obtained by multiplying 27.75 cents per gallon by the lesser of the applicable percentage or the adjusted average highway and street construction inflation index for fiscal year 2013—2014.

    2. The tax imposed pursuant to subsection (1) shall be increased annually on the first day of each fiscal year following the fiscal year in which that tax becomes effective, in the amount determined by adding 27.75 cents per gallon to the amount of the tax imposed pursuant to this section during the immediately preceding fiscal year, then multiplying that sum by the lesser of the applicable percentage or the adjusted average highway and street construction inflation index for the fiscal year in which the increase becomes effective.

    3. The allocation, disbursement and use in this county of the proceeds of the tax imposed by this section, except as otherwise required by subsection 6 of NRS 373.140 and Section 4.07.620(3) shall be in the same proportions and manner as the allocation, disbursement and use in this county of the proceeds of the tax imposed pursuant to NRS 373.030.

(Ord. No. 4126, § 1, 9-3-2013)