1. Whenever the Department determines that an overpayment of the tax due pursuant to NRS 375B.100 has been made, the person who made payment or his or her estate is entitled to a refund of the amount erroneously paid on presentation of proof satisfactory to the Department that he or she is entitled to a refund.
2. An application for the refund must be made to the Department within 1 year after the date the United States generation-skipping transfer tax has been finally determined.
3. On proof satisfactory to the Department that the applicant is entitled to a refund, the Department shall refund that amount plus interest at the rate established pursuant to NRS 375B.250.
4. The amount of the refund must be paid from the Generation-Skipping Transfer Tax Account in the State General Fund.
(Added to NRS by 1989, 1498)