Payment to be applied to interest, penalty and tax.

1. Law
2. Nevada Revised Statutes
3. Generation-Skipping Transfer Tax
4. Payment to be applied to interest, penalty and tax.

Every payment received by the Department on the tax imposed by NRS 375B.100 must be applied:

1. To any interest due on the tax;

2. To any penalty; and

3. If there is any balance, to the tax itself,

in that order.

(Added to NRS by 1989, 1498)

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