Motor Vehicle Fuel, Aircraft Fuel, and Special Fuel
Assembly Bill 595 (AB595) passed during the 2007 Legislative session, makes various changes regarding the imposition, reporting, payment, collection, refunding, and administration and enforcement of certain taxes on motor vehicle fuel, aircraft fuel, and special fuels.
In addition, resulting from passage of AB595, should a special fuel user be deemed to be habitually delinquent in the payment of amounts due, a bond in an amount not less than $2,500 will be required.
These amendments to Nevada Revised Statute (NRS) and Nevada Administrative Code (NAC) provided for the issuance of bonds by the county fair and recreation board in certain counties in Nevada, as a means of assisting in the funding of highway projects implemented throughout the state. Those projects will now require a cost and benefits analysis prior to implementation. |