350 NAC 52-011. DECLARATORY RULING ON EXEMPTION

REG-52-011 DECLARATORY RULING ON EXEMPTION 011.01 Any grantor that claims to be exempt from the tax pursuant to Reg-52-003 and has been denied such exemption by a register of deeds may, prior to filing the deed, file a written petition with the Department of Revenue for a declaratory hearing on the exemption. 011.01A A hearing will be granted only if the grantor requests the same or the Department of Revenue so requires. If a hearing is not granted, the ruling will be made on the basis of the petition of the grantor and other information available to the Department of Revenue. 011.01B The petition of the grantor shall contain the following information: 011.01B(1) Name and address of grantor, 011.01B(2) Name and address of grantee, 011.01B(3) Legal description of real property, 011.01B(4) County in which the real property is located, 011.01B(5) Brief statement of basis of exemption, 011.01B(6) Brief statement of reason for register of deeds‘ refusal to grant exemption. 011.01C The Department of Revenue may request additional information whenever it considers the same to be necessary. 011.01D The declaratory ruling when issued shall be binding between the Department of Revenue and the grantor on the facts stated unless the ruling is altered or set aside by a court. (Sections 76-906, 2003, 84-912, R.R.S. 1999, and section 76-901, R.S.Supp., 2005.