2003  SESSION (20th)                                                                                                    A SB6 R1 4

Amendment No. 4

 

Assembly Amendment to Senate Bill No. 6  First Reprint                                                      (BDR 32‑14)

Proposed by: Committee of the Whole

Amendment Box:

Resolves Conflicts with: N/A

Amends:         Summary:               Title:               Preamble:               Joint Sponsorship:

 

Adoption of this amendment will MAINTAIN a 2/3s majority vote requirement for final passage of SB6 R1 (§ ).

 

ASSEMBLY ACTION              Initial and Date              |SENATE ACTION                        Initial and Date

       Adopted       Lost                                               |          Adopted       Lost                                           

Concurred In                     Not                                                        |Concurred In  Not                                 

       Receded        Not                                               |         Receded        Not                                           

 

     Amend sec. 58.24, page 29, line 41, by deleting “includes reimbursement” and inserting:

“includes:

     (a) Revenue that a real estate broker receives pursuant to NRS 645.280 and is required by contract to pay to a licensed real estate broker, broker-salesman or salesman who performed services for that revenue.

     (b) Reimbursement”.

     Amend sec. 58.48, page 35, by deleting lines 35 through 39 and inserting:

“subcontractors for the portion of any materials or services provided in the development of improved real property, made by a business entity who is:

     (a) A contractor or subcontractor; or

     (b) In the business of developing improved real property.

The amount of the deduction must not exceed the gross revenue of the business entity from the transaction.”.

     Amend sec. 58.48, page 35, between lines 42 and 43 by adding:

     “14.  Any revenue of the business entity upon which the business entity paid the tax imposed pursuant to section 95 of this act.”.

     Amend sec. 80, page 58, line 4, by deleting “40” and inserting “42.5”.

     Amend sec. 80.5, page 58, line 16, by deleting “[40] 45” and inserting “[42.5] 47.5”.

     Amend sec. 82, page 59, line 2, by deleting “35” and inserting “37.5”.

     Amend sec. 82.5, page 59, line 30, by deleting “[35] 40” and inserting “[37.5] 42.5”.

     Amend sec. 83, page 60, line 5, by deleting “40” and inserting “42.5”.

     Amend sec. 83.5, page 60, line 14, by deleting “[40] 45” and inserting “[42.5] 47.5”.