Existing law requires certain businesses to obtain a state business license from the Secretary of State and to pay an annual fee for the renewal of the license. (NRS 76.100, 76.130) The fee for the issuance and renewal of a state business license is $500 for certain corporations and $200 for certain other businesses. (NRS 76.100, 76.130) Sections 3 and 4 of this bill require the Secretary of State to waive the fee for the issuance of a state business license and, during the first 5 years of existence of a business, the fee for the renewal of the license if the business is created on or after July 1, 2023, and: (1) the applicant is an honorably discharged veteran; or (2) at least 50 percent of the business is owned by one or more honorably discharged veterans. Section 1 of this bill defines “honorably discharged veteran” for the purpose of establishing who is entitled to a waiver of fees pursuant to sections 3 and 4. Section 2 of this bill makes a conforming change to indicate the proper placement of section 1 in the Nevada Revised Statutes.

Statutes affected:
As Introduced: 76.010, 76.100, 76.130
BDR: 76.010, 76.100, 76.130