Nev. Rev. Stat. § 362.105
“Royalty” defined
Nevada · Nevada Revised Statutes Chapter 362 — Taxes on Patented Mines and Proceeds of Minerals · Status: effective
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- Nev. Rev. Stat. § 362.105, “Royalty” defined, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2106930
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Full text
As used in NRS 362.100 to 362.240, inclusive, unless the context otherwise requires:
1. “Royalty” means a portion of the proceeds from extraction of a mineral which is paid for the privilege of extracting the mineral.
2. “Royalties” do not include:
(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
(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.