SB 431
Revises provisions relating to the excise tax on live entertainment. (BDR 32-692)
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Bill overview
This bill revises the excise tax on live entertainment in Nevada, extending it to resales of admission by resellers (excluding occasional sales). It requires resellers to keep records and provide credits to purchasers based on the initial purchase tax. The bill also mandates that individuals facilitating resales over $100,000 in gross receipts or 200 sales transactions annually must collect and remit the tax, with certain exemptions. Furthermore, it directs a portion of the tax revenue to the regional transportation commission, increasing the distribution if a voter-approved sales tax for transportation isn't enacted by 2029. The bill also defines key terms and makes conforming changes.
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Primary sponsor
Senate Committee on Revenue and Economic Development
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