Nevada Revised Statutes 360.535 – Regulations concerning claims of ownership interest in property transmitted to or seized by Department by person who does not owe tax
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The Department may adopt regulations which set forth the manner in which a person who does not owe any tax to the Department may claim an ownership interest in property transmitted to or seized by the Department. The regulations must set forth:
Terms Used In Nevada Revised Statutes 360.535
- Department: means the Department of Taxation. See Nevada Revised Statutes 360.001
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
1. The procedures the person must follow to assert such a claim; and
2. The circumstances under which the Department will honor the claim.