Nevada – Error on Modified Business Tax Returns

SALT Report 3089 – The Nevada Department of Taxation is advising taxpayers that the September 30, 2013 modified business tax returns were printed with the old $62,500 threshold for Tier 1, rather than the correct $85,000 threshold, which became effective Continue reading Nevada – Error on Modified Business Tax Returns

Nevada – Government Exemptions

SALT Report 3005 – The Nevada Department of Taxation issued guidance regarding the exemption from sales and use tax for governmental agencies pursuant to NRS 372.325.  Under that statute, sales and purchases of tangible personal property to the following groups Continue reading Nevada – Government Exemptions

Nevada – Bad Debt Deduction

SALT Report 3004 – In the latest edition of Nevada Tax Notes, the Department of Taxation addressed legislation that allows non-retail businesses that are affiliated with a retailer to claim a bad debt deduction on contracts in which sales tax Continue reading Nevada – Bad Debt Deduction

Nevada – Settlement Reached in Complimentary Meals Lawsuit

SALT Report 2737 – The Nevada Department of Taxation issued a notice announcing that they have reached a global settlement in the $233 million complimentary meal lawsuit between the Department of Taxation and Nevada casinos, restaurants, and resorts. As part Continue reading Nevada – Settlement Reached in Complimentary Meals Lawsuit

Nevada – Exemption for Complimentary Meals

SALT Report 2604 – The Nevada General Assembly enacted legislation that amends the provisions regarding the sales and use tax exemption for food, meals, and nonalcoholic drinks that are provided on a complimentary basis. Prior to the amendment, the State’s Continue reading Nevada – Exemption for Complimentary Meals

Nevada – Executive Director to Issue Tax Bulletins

SALT Report 2544 – The Nevada Legislature passed a bill that requires the Executive Director of the Department of Taxation to publish technical bulletins related to the taxes administered by the Department as well as the written opinions of the Continue reading Nevada – Executive Director to Issue Tax Bulletins

Nevada – Taxability of Manufacturer Warranties and Goodwill Repairs

SALT Report 1812 – In the latest issue of Nevada Tax Notes, the Nevada Department of Taxation discusses the taxability of manufacturer’s extended warranties and goodwill repairs. Nevada Law NAC 372.460 states that “the sale of tangible personal pr… Continue reading Nevada – Taxability of Manufacturer Warranties and Goodwill Repairs