A.B. 11
- *AB11*
ASSEMBLY BILL NO. 11–COMMITTEE ON REVENUE
(ON BEHALF OF THE DEPARTMENT OF TAXATION)
PREFILED OCTOBER 30, 2024
____________
Referred to Committee on Revenue
SUMMARY—Revises provisions governing the Department of
Taxation. (BDR 32-285)
FISCAL NOTE: Effect on Local Government: No.
Effect on the State: No.
~
EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted.
AN ACT relating to the Department of Taxation; revising the
requirement for the Department of Taxation to submit a
copy of its proposed budget and proposed legislation to
the Nevada Tax Commission; and providing other matters
properly relating thereto.
Legislative Counsel’s Digest:
Existing law creates the Nevada Tax Commission and designates the 1
Commission as the head of the Department of Taxation. (NRS 360.010, 360.120) 2
Under certain circumstances, existing law requires the Commission to hold a 3
meeting on June 25 or, if June 25 falls on a Saturday or Sunday, on the following 4
Monday, to set the tax rates for certain local governments if the combined ad 5
valorem tax rate within a county will exceed the statutory limit. (NRS 361.455) 6
Existing law requires the Department, in each even-numbered year, to submit to the 7
Commission a copy of the proposed budget for the Department and legislation 8
proposed by the Department at this meeting or, if no such meeting is held that year, 9
at another meeting conducted by the Commission in June of that year. (NRS 10
360.105) This bill requires the Department to submit a copy of its proposed budget 11
and legislation proposed by the Department to the Commission at a meeting held in 12
January of each odd-numbered year rather than June of each even-numbered year. 13
– 2 –
- *AB11*
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN
SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
Section 1. NRS 360.105 is hereby amended to read as follows: 1
360.105 [1. The] During January of each odd-numbered 2
year, the Department shall [in each even-numbered year,] submit to 3
the Nevada Tax Commission, at [the] a meeting [conducted by] of 4
the Commission , [pursuant to NRS 361.455 or, if no such meeting 5
is conducted during that year, at the meeting conducted by the 6
Commission pursuant to subsection 2,] a copy of the proposed 7
budget for the Department for the next 2 fiscal years and legislation 8
proposed by the Department [. 9
2. If the Nevada Tax Commission does not meet pursuant to 10
NRS 361.455 in an even-numbered year, it shall meet during June of 11
that year to accept the proposed budget for the Department and 12
legislation proposed by the Department.] for consideration by the 13
Legislature at its next regular session. 14
Sec. 2. This act becomes effective upon passage and approval. 15
H