Existing law exempts from property taxes $1,000 of the assessed valuation of property, adjusted each fiscal year using the Consumer Price Index, in which a surviving spouse who is a resident of this State has an interest. (NRS 361.080) Existing law also exempts from property taxes: (1) $2,000 of the assessed valuation of property, as adjusted each fiscal year using the Consumer Price Index, in which a veteran who served on active duty under certain circumstances has an interest; and (2) $20,000 of the assessed valuation of property, as adjusted each fiscal year using the Consumer Price Index, in which a veteran with a permanent service-connected disability of 100 percent, or the surviving spouse of such a veteran, has an interest. (NRS 361.090, 361.091) Under existing law, in lieu of applying these exemptions to property taxes, the same partial exemptions may be applied to reduce the amount of governmental services tax owed by a surviving spouse, veteran, disabled veteran or surviving spouse of a veteran or disabled veteran upon the annual renewal of the registration of a vehicle. (NRS 361.1565, 371.101, 371.103, 371.104) Sections 1 and 4 of this bill, respectively, increase the partial exemption from property taxes and governmental services taxes for the surviving spouse of a member of the Armed Forces of the United States who was killed in action. Under sections 1 and 4, the amount of the exemption increases from the exemption of $1,000 for surviving spouses to the amount of the exemption for the surviving spouse of a veteran with a permanent service-connected disability of 100 percent. Section 3 of this bill makes a conforming change to apply to sections 1 and 4 existing law which requires a partial exemption from property taxes to be reduced by any partial exemption from the governmental services taxes. Sections 2 and 5 of this bill make a conforming change to authorize a surviving spouse who qualifies for the partial exemption from property taxes or governmental services taxes under section 1 or 4, respectively, to request the deposit of an amount equal to the partial exemption to the Gift Account for the Veterans Home in Southern Nevada or the Gift Account for the Veterans Home in Northern Nevada. (NRS 361.0905, 371.1035) Section 6 of this bill makes a conforming change to apply to section 4 existing law governing the filing of claims for exemptions for governmental services tax or the designation of amounts to be credited to a Gift Account for a Veterans Home. (NRS 371.105) Section 7 of this bill makes a conforming change to apply existing law requiring the provision of notice to the Department of Motor Vehicles when an owner of a vehicle is no longer eligible for the exemption under section 4.

Statutes affected:
As Introduced: 361.0905, 361.1565, 371.1035, 371.105, 371.106
BDR: 361.0905, 361.1565, 371.1035, 371.105, 371.106