Las Vegas Sun

April 19, 2014

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Nevada Tax Commission waives penalties for Wynn Las Vegas

CARSON CITY — The Nevada Tax Commission has voted to give favorable tax treatment to a Las Vegas casino company and a brothel in Northern Nevada.

The commission voted Monday to waive $65,730 in penalties and interest for Wynn Las Vegas.

An audit discovered that the casino company owed the state $360,000 in sales tax.

Chris Nielsen, director of the Nevada Tax Department, said the company paid the balance, and the commission waived the penalty.

It was one of eight companies that had interest or penalties forgiven at the commission’s meeting.

Nielsen called the vote routine.

The commission also voted to waive a requirement that the NV50 Bunny Ranch Saloon in Lyon County post a bond to cover sales tax payments.

Nielsen said the Bunny Ranch is one of 40 businesses the commission reviewed that have shown a good record in paying the sales tax and for which the bond requirement is not required.

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  1. What is the policy for getting a penalty or interest forgiven? GRAFT. Can the tax commission honestly say that Wynn will suffer more by paying the penalty than Nevadans (with our state budget in desperate straits)will suffer without it?

  2. I have dealt with state sales tax depts for years, and generally they will waive fees, though rarely interest, if the tax payer made an honest mistake and was otherwise a timely filer and payer. I have been refunded penalties I did not even ask to be refunded, ( forgot to file a sales tax report one month $50 fine owed $36 tax, filed upon receipt of notice from state) someone at the sales tax office saw the situation and acted accordingly. I was once audited and they found I was not paying sales tax on excise tax collected ( on tire sales way back when ) and owed years worth of tax, and they had my book which kept track of all this. I said did not realize you had to pay sales tax on a federal tax, the auditor only took one year and gave me an interest free payment plan with no penalty.
    I do not think Wynn or the Bunny ranch got any special treatment other than what they have showed in business with the sales tax dept.