AB 276 Nevada Assembly · 2025 Regular Session

Revises provisions governing the commerce tax. (BDR 32-192)

AB 276 revises Nevada's commerce tax by replacing the fixed $4 million annual revenue threshold with an inflation-adjusted threshold. For 2025, the threshold starts at $4 million plus an adjustment based on the previous three years' Consumer Price Index (CPI) for the West Region. Each subsequent year, the threshold increases if CPI rises or stays the same if CPI falls. This change directly affects businesses with Nevada gross revenue exceeding the new threshold, excluding revenue below the threshold from the commerce tax calculation. The bill updates tax filing requirements to apply only to businesses surpassing this adjusted threshold.

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 24, 2025 Last action Jun 3, 2025

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What changed between versions

As Introduced → Reprint 1 · 3 edits

MINOR

This bill updates the Nevada commerce tax revenue threshold calculation to include rounding rules and clarifies that businesses using incorrect thresholds cannot receive interest on overpayments. The changes ensure consistency in how the threshold is calculated each year and prevent businesses from benefiting financially by using outdated or incorrect threshold figures.

Scope change

The bill maintains the same overall scope of applying the commerce tax to businesses exceeding the revenue threshold, but adds specific rounding requirements and restricts interest payments on overpayments caused by using incorrect thresholds.

REQUIREMENT

Added requirement that revenue threshold calculations must be rounded to the nearest $100,000

ENFORCEMENT

Prohibits the Department of Taxation from paying interest on overpayments when businesses use thresholds other than those officially calculated and published by the Department

DEFINITION

Clarified the revenue threshold calculation process with explicit rounding instructions for subsequent taxable years

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Full legislative history

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Key actions

Committee

Apr 24, 2025

Lower · Passed

From printer. To engrossment. Engrossed. First reprint. To committee.

lower

Apr 21, 2025

Lower · Passed

From committee: Amend, and do pass as amended. Placed on Second Reading File. Read second time. Amended. (Amend. No. 469.) Taken from General File. Rereferred to Committee on Ways and Means. Exemption effective. To printer.

lower

Feb 25, 2025

Lower · Passed

From printer. To committee.

lower

1 primary · 0 co-sponsors