The Nevada state legislature has approved a one-time tax amnesty program for businesses and individuals doing business in the state. The amnesty period will begin February 1, 2021, and end on May 1, 2021. The program allows penalty and interest to be waived on outstanding liability if the following requirements are met:
This program is available for a variety of tax types, including sales and use tax. The amnesty program does not apply to businesses or individuals that have entered into a compromise or settlement agreement with the Department of Taxation or Nevada Tax Commission regarding the unpaid tax or assessment. Taxpayers are also ineligible if they are currently under audit and do not receive a final deficiency determination before the last day of the amnesty period.