NRS362.110. Annual statement of gross yield, claimed net proceeds and royalties; annual statement of amount of royalties and lessees or sublessees. [Effective July 1, 2015, if the provisions of Senate Joint Resolution No. 15 (2011) are approved and ratified by the voters at the 2014 General Election.]

      1.  Each person who engages in mineral extraction:

      (a) Shall, on or before February 16 of each year, file with the Department a statement showing the gross yield and claimed net proceeds from each extractive operation and all royalties paid by each extractive operation during the calendar year immediately preceding the year in which the statement is filed.

      (b) May have up to 30 days after filing the statement required by paragraph (a) to file an amended statement.

      2.  The statement must:

      (a) Show the claimed deductions from the gross yield in the detail set forth in NRS 362.120. The deductions are limited to the costs incurred during the calendar year immediately preceding the year in which the statement is filed.

      (b) Be in the form prescribed by the Department.

      (c) Be verified by the manager, superintendent, secretary or treasurer of the corporation, or by the owner of the operation or, if the owner is a natural person, by someone authorized in his or her behalf.

      3.  Each person who receives any royalties from an extractive operation shall annually file with the Department a statement showing the amount of the royalties and each of the lessees or sublessees who paid the royalties and who is responsible for the taxes upon mineral extraction due from the extractive operation.

      [2:77:1927; A 1929, 120; NCL § 6579]—(NRS A 1971, 562; 1973, 1293; 1975, 1675; 1979, 819; 1983, 878; 1989, 35; 1995, 40; 1999, 732; 2001, 661; 2005, 296; 2008, 25th Special Session, 15; 2011, 2896; 2013, 3122, 3425, effective July 1, 2015, if the provisions of Senate Joint Resolution No. 15 (2011) are approved and ratified by the voters at the 2014 General Election)