Exempts persons engaged in the provision of payroll processing services from provisions governing money transmission. (BDR 55-1072)

AB 430 exempts businesses that exclusively provide payroll processing services from Nevada's money transmission licensing requirements. The bill removes payroll processing from the legal definition of "money transmission" in Nevada law, which had previously required these businesses to obtain a special license. It also repeals specific duties that were previously imposed on payroll processors under existing regulations. This change simplifies the regulatory process for payroll companies that operate solely in this service, eliminating an unnecessary licensing burden.