Nevada Administrative Code Chapter 363B - Business Tax
Nevada Administrative Code (NAC) Chapter 363B – Business Tax primarily governs the tax on business entities such as employers engaged in business in Nevada. This chapter works in conjunction with Nevada Revised Statutes (NRS) Chapter 363B and includes administrative regulations enforced by the Nevada Department of Taxation.
🔹 Purpose of NAC 363B
NAC 363B establishes guidelines and clarifications for implementing and enforcing the Modified Business Tax (MBT) on:
General businesses
Financial institutions
Mining companies (historically, though now repealed for mining)
🔹 Key Features
1. Modified Business Tax (MBT)
Levied on gross wages paid by employers after certain deductions (like allowable health benefits).
Rates differ for general businesses and financial institutions.
2. Exemptions & Credits
Employers paying below a wage threshold may be exempt.
Health care deductions may reduce the tax burden.
Certain industries or employers may qualify for credits, especially if creating jobs or engaging in qualifying activities.
3. Filing & Payment
Taxpayers must file quarterly returns.
Electronic filing is usually required.
Penalties apply for late filing or underpayment.
🔹 Administrative Rules May Cover:
Definitions (e.g., "gross wages", “employee”, “employer”)
Rules for calculating taxable wages
Determination of nexus for out-of-state employers
Requirements for record-keeping
Appeal and audit procedures
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