1. Each taxicab motor carrier shall, before commencing the operation defined in NRS 706.126 and annually thereafter, pay to the Authority for each taxicab which it operates, including each taxicab it leases pursuant to NRS 706.473, an annual fee of not more than $75 as determined by a regulation of the Authority.

2. The annual fee provided in this section must be paid on or before January 1 of each year.

3. The annual fee must be reduced one-twelfth for each month which has elapsed since the beginning of the calendar year in which operation is begun.

4. In addition to the annual fee provided in subsection 1, each taxicab motor carrier shall:

(a) Charge and collect a technology fee in an amount set by the Authority for each compensable trip by a taxicab which it operates, including each taxicab it leases pursuant to NRS 706.473; and

(b) Remit to the Authority, not later than the 10th day of each month, all fees collected by the operator pursuant to this subsection for the immediately preceding month.

The fee charged pursuant to this subsection may only be charged within a county whose population is 700,000 or more, and may be added to the passenger fare charged as indicated on the taximeter.

5. Any person who fails to pay any fee on or before the date provided in this section shall pay a penalty of 10 percent of the amount of the fee plus interest on the amount of the fee at the rate of 1 percent per month or fraction of a month from the date the fee is due until the date of payment.

(Added to NRS by 1971, 702; A 1973, 1839; 1987, 896; 1993, 2650; 1997, 1948; 2013, 2536)