The Department may:
1. Enter into a written agreement with a person who is required to pay the taxes or fees required by chapter 365, 366 or 373 of NRS or NRS 445C.330 or 590.120 for the payment of delinquent taxes or fees, interest or penalties imposed pursuant to those provisions.
2. Adopt regulations providing for:
(a) The payment of delinquent taxes or fees, interest or penalties upon the execution of a written agreement between the Department and such a person; and
(b) The cancellation of such an agreement if the person becomes delinquent in his or her payment of the delinquent taxes or fees, interest or penalties owed to the Department pursuant to the provisions of chapter 365, 366 or 373 of NRS or NRS 445C.330 or 590.120.
(Added to NRS by 1999, 994; A 2015, 3595)