Section 363B.310 - Employer required to provide verification of matching contribution with quarterly return; submission of list of all matching contributions made on behalf of employeesAn employer who, pursuant to NRS 363B.117, claims a credit against the excise tax imposed on the employer by NRS 363B.110 must include with the quarterly return filed by the employer pursuant to paragraph (a) of subsection 3 of NRS 363B.110:
1. Verification of a matching contribution made by the employer:(a) To the savings trust account of an employee of the employer in the Nevada College Savings Trust Fund created by NRS 353B.340; or(b) To the Nevada Higher Education Prepaid Trust Fund created by NRS 353B.140 to match a contribution made by an employee of the employer on behalf of a qualified beneficiary on whose behalf a prepaid tuition contract is drawn; and2. A list of all matching contributions made on a form prescribed by the Department. The list must include, without limitation:(a) The name and taxpayer identification number of the employer;(b) The name of each employee for whom the matching contribution was made;(c) The amount of each matching contribution; and(d) The total amount of matching contributions made for each employee during the immediately preceding calendar year.Nev. Admin. Code § 363B.310
Added to NAC by Tax Comm'n by R137-16, eff. 1-27-2017