Bill > AB276

This bill revises provisions governing Nevada's commerce tax by replacing the fixed $4,000,000 gross revenue threshold with a dynamically adjusted annual threshold tied to the Consumer Price Index (CPI) for the West Region. Starting July 1, 2025, the initial threshold will be $4,000,000 plus an additional amount calculated by multiplying $4,000,000 by the average 12-month CPI percentage increase for the previous three calendar years. For subsequent years, the threshold will either remain the same if the CPI change is negative or increase proportionally to the CPI change if it is positive, with the new threshold rounded to the nearest $100,000. The Department of Taxation must calculate and publish the new threshold annually by March 1. The bill also requires businesses to file commerce tax returns only if their Nevada gross revenue exceeds the calculated threshold and prohibits the Department from paying interest on commerce tax overpayments if a business uses a revenue threshold other than the one officially calculated and published by the Department. These changes aim to create a more flexible and inflation-responsive taxation system for businesses operating in Nevada.

Budget and Finance

https://www.leg.state.nv.us/App/NELIS/REL/83rd2025/Bill/12326/Overview