§ 4.07.420. Retention of percentage of tax for certain costs.

Latest version.

1. Pursuant to NRS 366.390, except as otherwise provided in subsection (2), the department shall allow each special fuel supplier to retain an amount equal to two percent of the amount of the tax collected by the special fuel supplier to cover the supplier's costs of collection of the tax and of compliance with the supplemental fuel tax ordinance, and the supplier's handling losses occasioned by evaporation, spillage or other similar causes.

2.

A special fuel supplier who fails to submit a tax return when due pursuant to the supplemental fuel tax ordinance or fails to pay the tax on special fuel when due pursuant to the supplemental fuel tax ordinance is not entitled to retain any of the amount authorized pursuant to subsection (1) for any month for which a tax return is not filed when due or a payment is not made when due.

(Ord. No. 4126, § 1, 9-3-2013)

                    
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