Nevada Revised Statutes 362.100 – Duties of Department. [Effective through June 30, 2023.]
1. The Department shall:
Terms Used In Nevada Revised Statutes 362.100
- Department: means the Department of Taxation. See Nevada Revised Statutes 360.001
- Mine: means an excavation in the earth from which ores, coal or other mineral substances are extracted, or a subterranean natural deposit of minerals located and identified as such by the staking of a claim or other method recognized by law. See Nevada Revised Statutes 362.010
(a) Investigate and determine the net proceeds of all minerals extracted and certify them 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.
2. As used in this section, ‘net proceeds of all minerals extracted’ includes the proceeds of 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.