NET PROCEEDS OF MINERALS // NRS 362.140 | UP TO 5% OF NET PROCEEDS

DIRECT STATUTORY SUMMARY: Constitutional and statutory extraction on mineral and geothermal production in Nevada, assessed up to 5% of net proceeds and split between the State General Fund, school districts, and counties.

ARCHITECTS & COLLECTORS OF PLUNDER

TIMELINE & APPROVAL

WHEN ENACTED: Nevada Constitution Art. 10 § 5 & NRS Chapter 362

ENTITIES APPROVING / BENEFITING:

Department of Taxation
State Education Fund

ENTITIES PAYING / OPPOSING:

Nevada Mineral Producers
Geothermal Operators

OFFICIAL SOURCES & COVERAGE

PHASE 1 REVENUE AUDIT LEDGER RECORD (NV-S-0179)

Official Classification: State tax department categories — Net Proceeds of Minerals Tax
Collecting Agency: Nevada Department of Taxation (state_or_state_board)
Revenue Flow Classification: tax_category_index_not_separate_receipt
Verification Status (2026-10-25): official_tax_category_agency_index — Tax type listed by official Dept of Taxation; this is NOT a separately addable financial line, exact rate, payer, collection jurisdiction and NRS section await line-item review

View Statutory Authority Detail (NV-S-0179) → · Official Source (https://tax.nv.gov/Tax%20Types/) →

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