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. 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 1.7 and 1.9 of this bill require the Secretary of State to waive the fee for the issuance of a state business license and, during the first 3 years of the existence of a business, the fee for the renewal of the license if the state business license is issued on or after July 1, 2025, and: (1) the applicant is an eligible veteran; (2) the applicant is a gold star family member; or (3) at least 51 percent of the business is owned by one or more eligible veterans or gold star family members. Section 1.7 prohibits the Secretary of State from waiving the fee for the issuance of a state business license if the applicant has already received a waiver for another qualifying business. Sections 1.1 and 1.3 of this bill define the terms “eligible veteran” and “gold star family member,” respectively. Section 1.5 of this bill makes a conforming change to apply the definitions to the provisions of sections 1.7 and 1.9.

Statutes affected:
As Introduced: 76.100
Reprint 1: 76.010, 76.100, 76.130
BDR: 76.100