Department of Taxation says MINT rollout changed revenue reporting timing; staff working to reconcile taxable sales series
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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 cutover and subsequent error resolution: unallocated ("non-targeted") payments received without an indicated tax type (about $6.38 million and ~900 payments as of the presentation), overpayment credits (about $22.97 million in amounts flagged as taxpayer overpayments), and locked/errored returns requiring manual staff review (notably in the modified business tax and insurance-premium filings). The department said it has not included the non-targeted payments in its forecast until they are allocated.
Scott also said taxable-sales historical tables are being recompiled to a consistent series and that October 2024 is the last complete month under the old series on the public site; a new, reconciled series is expected to be available before the forum's December meeting.
Stephen Hale, deputy treasurer for investments, told the forum the quicker county remittance cycle resulting from MINT will slightly reduce state investment balances: previously consolidated tax funds could sit up to 60 days in state coffers; under the faster distributions they will be in-state about 30 days, lowering projected interest earnings by several million dollars for FY 2026 and FY 2027.
Why it matters: The timing change does not imply lost revenue, Scott said, but it can distort month-to-month comparisons and taxable-sales series used by forecasters. The department is reconciling historical records and working with Legislative Council Bureau staff to produce a consistent series for analysts and the public.
Quotes from the meeting: "The new Mint system offers a new type of revenue reporting and indeed a faster distribution cycle... Notwithstanding, during the transition to the new MINT system, the department experienced some temporary fluctuations in the reported revenue," Erica Scott, Department of Taxation. "Historically the state would have had the funds for up to 60 days of investments. We now project that it will only be in state coffers for 30 days," Stephen Hale, State Treasurer's Office.
Follow-up: Taxation said it will publish a memo accompanying the revised taxable-sales series explaining the change and will continue to notify forecasters of any material reclassifications or late allocations.
