NRS362.100. Imposition of excise tax upon mineral extraction and royalties; applicability; duties of Department. [Effective November 25, 2014, if the provisions of Senate Joint Resolution No. 15 (2011) are approved and ratified by the voters at the 2014 General Election.]

      1.  The provisions of NRS 362.100 to 362.240, inclusive:

      (a) Impose, for the privilege of engaging in mineral extraction in the State of Nevada, an excise tax upon mineral extraction by each extractive operation based on the Department’s determination and certification of the gross yield and net proceeds from the mineral extraction and upon all royalties paid by each extractive operation; and

      (b) Do not impose an ad valorem or property tax upon the value of the mineral extracted or the gross yield or net proceeds from the mineral extraction by each extractive operation or the royalties paid by each extractive operation.

      2.  In administering the provisions of NRS 362.100 to 362.240, inclusive, the Department shall:

      (a) Investigate and determine the gross yield and net proceeds from mineral extraction by each extractive operation and certify the gross yield and net proceeds as provided in NRS 362.100 to 362.240, inclusive.

      (b) Appraise and assess all reduction, smelting and milling works, plants and facilities, whether or not associated with a mine, all drilling rigs, and all supplies, machinery, equipment, apparatus, facilities, buildings, structures and other improvements used in connection with any mining, drilling, reduction, smelting or milling operation as provided in chapter 361 of NRS.

      (c) Deposit all taxes, interest and penalties it receives pursuant to the provisions of NRS 362.100 to 362.240, inclusive, in the State Treasury for credit to the State General Fund and, after being apportioned and appropriated as required by law, for credit to the proper account or fund for distribution to local governments pursuant to NRS 362.170.

      3.  The provisions of NRS 362.100 to 362.240, inclusive, apply to all extractive operations, including, without limitation, all:

      (a) Operating mines;

      (b) Operating oil and gas wells;

      (c) Operations extracting geothermal resources for profit, except an operation which uses natural hot water to enhance the growth of animal or plant life; and

      (d) Operations extracting minerals from natural solutions.

      [Part 13:177:1917; 1919 RL p. 3202; NCL § 6554] + [1:77:1927; NCL § 6578]—(NRS A 1975, 1675; 1983, 2088; 1985, 1305; 1989, 34; 2013, 3121, effective November 25, 2014, if the provisions of Senate Joint Resolution No. 15 (2011) are approved and ratified by the voters at the 2014 General Election)