Revises provisions relating to financial institutions. (BDR 32-952)

SB 412 changes Nevada’s tax on bank branches by shifting the timing of an existing $1,750 annual tax per excess branch office. Instead of applying quarterly (on the first day of each quarter), the tax now applies to branches maintained on July 1 each year, with payments due by July 31. This affects Nevada-chartered banks, out-of-state banks, and foreign banks licensed in Nevada (excluding credit unions and certain federal institutions). The bill updates deadlines and clarifies definitions of "bank" and "branch office," including locations like drive-ins or online service points. It will take effect on July 1, 2027, if passed.