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Notation to Recording Clerk: No intangible personal property tax is due upon recording in light of secondary nature of liability of mortgagor which would arise only after default under the Bond referenced
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NRS Chapter 361 refers to the Nevada Revised Statutes related to sales and use taxes.
Businesses and individuals who engage in taxable sales or purchases in Nevada are required to file NRS Chapter 361.
To fill out NRS Chapter 361, individuals and businesses need to provide detailed information about their taxable sales and purchases, calculate the amount of tax owed, and submit the necessary forms to the Nevada Department of Taxation.
The purpose of NRS Chapter 361 is to regulate and collect sales and use taxes in the state of Nevada in order to fund essential government services.
Information required to be reported on NRS Chapter 361 includes details of taxable sales and purchases, amount of tax owed, and any applicable exemptions or deductions.
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