Existing law imposes an annual commerce tax on each business entity whose Nevada gross revenue in a fiscal year exceeds $4,000,000, with the rate of the commerce tax based on the industry in which the business entity is primarily engaged. (NRS 363C.200, 363C.300-363C.560) Section 1 of this bill increases the Nevada gross revenue threshold at which the commerce tax is imposed upon a business entity from $4,000,000 earned in a fiscal year to $8,000,000 earned in a fiscal year. Sections 2-28 of this bill make conforming changes to reflect the increase in the Nevada gross revenue threshold from $4,000,000 to $8,000,000 for the purpose of calculating the rate of the commerce tax for certain industries in which a business entity is primarily engaged.

Statutes affected:
As Introduced: 363C.200, 363C.300, 363C.310, 363C.320, 363C.330, 363C.340, 363C.350, 363C.360, 363C.370, 363C.380, 363C.390, 363C.400, 363C.410, 363C.420, 363C.430, 363C.440, 363C.450, 363C.460, 363C.470, 363C.480, 363C.490, 363C.500, 363C.510, 363C.520, 363C.530, 363C.540, 363C.550, 363C.560
BDR: 363C.200, 363C.300, 363C.310, 363C.320, 363C.330, 363C.340, 363C.350, 363C.360, 363C.370, 363C.380, 363C.390, 363C.400, 363C.410, 363C.420, 363C.430, 363C.440, 363C.450, 363C.460, 363C.470, 363C.480, 363C.490, 363C.500, 363C.510, 363C.520, 363C.530, 363C.540, 363C.550, 363C.560