{"data":{"id":"us-nv/nrs-362.105","jurisdiction":"us-nv","citation":"NRS 362.105","heading":"“Royalty” defined.","body":"As used in NRS 362.100 to 362.240, inclusive, unless the context otherwise requires:\n1. “Royalty” means a portion of the proceeds from extraction of a mineral which is paid for the privilege of extracting the mineral.\n2. “Royalties” do not include:\n(a) Rents or other compensatory payments which are fixed and certain in amount and payable periodically over the duration of the lease regardless of the extent of extractions; or\n(b) Minimum royalties covering periods when no mineral is extracted if the payments are fixed and certain in amount and payable on a regular periodic basis.","path":["TITLE 32 — REVENUE AND TAXATION","CHAPTER 362 - TAXES ON PATENTED MINES AND PROCEEDS OF MINERALS","ASSESSMENT AND TAXATION OF NET PROCEEDS OF MINERALS"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-362.html#NRS362Sec105","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:37Z","sha256":"b19195453923b33107096ad15bb67f939cdc62dee40c62651ff0edda1d67188a","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-362.100","next":"us-nv/nrs-362.110"},"notice":"GroundRules: Original legal text. Not legal advice."}