Bill > AB403

This bill proposes a targeted sales tax exemption for trade-ins of portable electronic devices that will be subject to voter approval in the November 2026 general election. Specifically, the bill would allow retailers to exclude the value of a used portable electronic device from sales tax calculations when that device is traded in as part of purchasing a new portable electronic device, provided certain conditions are met. These conditions include: the trade-in allowance must be fully disclosed to the customer at the time of purchase, the allowance amount must be separately stated on the sales receipt, and the trade-in and purchase must occur in a single, contemporaneous transaction. If approved by voters, the tax exemption would take effect on January 1, 2027, and remain in place until December 31, 2050. The bill applies this exemption not only to the state Sales and Use Tax Act of 1955 but also to the Local School Support Tax Law and other analogous sales and use taxes, ensuring consistent treatment across different tax jurisdictions. The goal is to provide a financial incentive for consumers trading in used portable electronic devices and to simplify the sales tax calculation process for retailers.

Budget and Finance

https://www.leg.state.nv.us/App/NELIS/REL/83rd2025/Bill/12569/Overview