Budget & Taxes (Sales Tax)

AB 359 proposes a voter-approved exemption from Nevada's sales and use taxes for the sale of coins, currency, and bullion (like gold or silver coins) when sold primarily based on their precious metal value - not as money. If approved by voters in the 2026 general election, this exemption would apply to all applicable sales taxes starting January 1, 2027, and expire December 31, 2050. It directly affects sellers and buyers of collectible or investment-grade precious metal items (e.g., bullion dealers, collectors), excluding items sold for use as currency. The exemption requires items to be used as legal tender, security, or commodity, not for their face value as money.

AB 536 lowers the excise tax on specific heated tobacco products (intended to be heated but not burned) to $0.90 per pack of 20 cigarettes, but only if they meet three conditions: FDA approval as a modified-risk product, less than 5% under-18 usage, and intended for heating. The bill reclassifies these products as "cigarettes" for tax and licensing purposes, meaning they are no longer treated as vapor products. It also bans the sale of these heated tobacco products through cigarette vending machines, a restriction that applies to both manufacturers and retailers. This directly affects manufacturers of these specific heated tobacco products and retailers selling them via vending machines.

SB 259 revises Nevada's tax law to change how funds from a county-imposed 0.25% sales tax must be spent. It restricts the use of these funds to only programs reducing homelessness and building/maintaining public transit systems, effective October 1, 2025. The bill prohibits counties from using this tax revenue for early childhood education, adult education, truancy programs, affordable housing projects, teacher recruitment incentives, or hospitality workforce training. This directly affects counties and school districts that previously used these tax proceeds for the banned programs. The change applies to all tax revenue collected on or after the effective date.