Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE57 INSURANCE |
CHAPTER680B. Fees and Taxes |
NRS680B.036. General tax on premiums: Credit for policies of industrial insurance.
Latest version.
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1. Each insurer providing industrial insurance in this state pursuant to chapters 616A to 617, inclusive, of NRS is entitled to a credit against the premium tax paid pursuant to NRS 680B.027 for its policies of industrial insurance in an amount equal to the assessment paid by the insurer to the Division of Industrial Relations of the Department of Business and Industry pursuant to NRS 232.680.
2. The credit provided to an insurer pursuant to subsection 1 does not expire and the insurer may carry forward any unused amount of the credit into subsequent years until the entire amount of the credit is used.
(Added to NRS by 1995, 2049; A 2013, 2642)