Meridian Gold Co. v. State Ex Rel. Department of Taxation

OPINION

By the Court,

Gibbons, J.:

This is an appeal from a judgment of the district court affirming a Nevada Department of Taxation tax deficiency determination. The Nevada Tax Commission originally granted appellant Meridian Gold Company’s application to use an accelerated depreciation schedule based on Meridian’s assertion that it was closing its mine. The Commission later revoked the accelerated depreciation grant because Meridian continued to produce gold through cyanide heap leaching after the closure date. The Commission assessed Meridian $860,628.57 in taxes because Meridian failed to…