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Department of Taxation says MINT rollout changed revenue reporting timing; staff working to reconcile taxable sales series
Summary
The Department of Taxation said the December 2024 rollout of the My Nevada Tax (MINT) system changed reporting from a filing-period view to cash-period accounting, causing temporary timing distortions and a small number of unallocated payments that are being reconciled.
The Department of Taxation told the Economic Forum on May 1 that the December 2024 launch of phase 1 of the state's new tax system, My Nevada Tax ("MINT"), changed how several taxes are reported and temporarily altered the timing of distributions to the State General Fund.
Erica Scott, an economist with the Department of Taxation, said the old reporting tied receipts to business filing periods (a partial-accrual approach). MINT instead records receipts on a cash basis and separates the filing-period statistics from cash-period distributions, which causes some receipts for the same filing period to be split across two revenue periods during the transition.
Scott described three categories of data challenges created during the…
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