Nevada legislation · 83rd Legislature (2025)
Nevada AB457: Requires the Joint Interim Standing Committee on Revenue to conduct a study concerning certain changes to provisions governing t
Status: Chaptered, June 6, 2025
Requires the Joint Interim Standing Committee on Revenue to conduct a study concerning certain changes to provisions governing taxation. (BDR S-167)
What the bill says
An act relating to taxation; requiring the Joint Interim Standing Committee on Revenue to conduct a study during the 20252026 interim on the advisability and feasibility of treating certain business entities as a single entity for the purposes of the commerce tax and imposing a tax on the sale or transfer of a controlling interest in an entity which possesses an interest in real property in this State; and providing other matters properly relating thereto…
From the enrolled text, May 27, 2025:
AN ACT relating to taxation; requiring the Joint Interim Standing Committee on Revenue to conduct a study during the 20252026 interim on the advisability and feasibility of treating certain business entities as a single entity for the purposes of the commerce tax and imposing a tax on the sale or transfer of a controlling interest in an entity which possesses an interest in real property in this State; and providing other matters properly relating thereto. Legislative Counsel's Digest: Existing law imposes an annual commerce tax on each business entity engaged in business in this State whose Nevada gross revenue in a fiscal year exceeds $4,000,000 at a rate that is based on the industry in which the business entity is primarily engaged. (NRS 363C.200) Existing law creates the Joint Interim Standing Committee on Revenue and authorizes a Joint Interim Standing Committee, including the Joint Interim Standing Committee on Revenue, to conduct studies directed by the Legislature or the Legislative Commission, within the limits of the Committee's budget. (NRS 218E.320, 218E.330) This bill requires the Joint Interim Standing Committee on Revenue to conduct a study during the 2025-2026 interim concerning the advisability and feasibility of: (1) treating as a single entity for the purposes of the commerce tax certain business entities that are primarily engaged in the business of renting real …
Sponsors
- Venicia Considine (D, 18) · primary sponsor
Latest actions
- : Chapter 263.
- : Approved by the Governor.
- : Enrolled and delivered to Governor.
- : Senate Amendment No. 623 concurred in. To enrollment.
- : In Assembly.
- : From printer. To re-engrossment. Re-engrossed. Second reprint. To Assembly.
- : Read third time. Passed, as amended. Title approved, as amended. (Yeas: 14, Nays: 7.) To printer.
- : From committee: Amend, and do pass as amended. Placed on Second Reading File. Read second time. Amended. (Amend. No. 623.) Reprinting dispensed with.
- : In Senate. Read first time. Referred to Committee on Revenue and Economic Development. To committee.
- : From printer. To engrossment. Engrossed. First reprint. Read third time. Passed, as amended. Title approved, as amended. (Yeas: 27, Nays: 15.) To Senate.
Votes
- Senate (2nd Reprint) (May 22, 2025): 14 yea, 7 nay, passed
- Assembly (1st Reprint) (April 22, 2025): 27 yea, 15 nay, passed
Common questions
- What is AB457?
- AB457 is a bill in the Nevada Legislature (83rd Legislature (2025)): Requires the Joint Interim Standing Committee on Revenue to conduct a study concerning certain changes to provisions governing t.
- What does AB457 do?
- In its own words: An act relating to taxation; requiring the Joint Interim Standing Committee on Revenue to conduct a study during the 20252026 interim on the advisability and feasibility of treating certain business entities as a single entity for the purposes of the commerce tax and imposing a tax on the sale or transfer of a controlling interest in an entity which possesses an interest in real property in this State; and providing other matters properly relating thereto…
- What is the status of AB457?
- Chaptered as of June 6, 2025. Latest action: Chapter 263. (June 6, 2025).
- Who sponsored AB457?
- Venicia Considine (D, 18).
- Where is the official record for AB457?
- On the Nevada Legislature website: https://www.leg.state.nv.us/App/NELIS/REL/83rd2025/Bill/12693/Overview
Source: official Nevada record. Tracked by Delilah, AI for legislation across all 50 states and Congress.