Assembly Bill No. 211–Assemblymen Price, Collins, Chowning, Claborn, de Braga, Parks, Giunchigliani, Arberry, Ohrenschall, Gibbons, Williams, Von Tobel, Segerblom, Buckley, Carpenter and Bache

February 11, 1999

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Referred to Committee on Taxation

 

SUMMARY—Revises exemption from taxes for real and personal property of certain apprenticeship programs. (BDR 32-106)

FISCAL NOTE: Effect on Local Government: Yes.

Effect on the State or on Industrial Insurance: Yes.

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EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted. Green numbers along left margin indicate location on the printed bill (e.g., 5-15 indicates page 5, line 15).

 

AN ACT relating to taxation; providing that certain property held by a legal entity formed by an apprenticeship committee is property of the apprenticeship committee for purposes of exemption from property taxes; and providing other matters properly relating thereto.

 

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

1-1 Section 1. NRS 361.106 is hereby amended to read as follows:

1-2 361.106 1. Except as otherwise provided in subsection 2, the real

1-3 and personal property of an apprenticeship program owned by a local or

1-4 state apprenticeship committee is exempt from taxation if the program is:

1-5 (a) Operated by an organization which is qualified pursuant to 26

1-6 U.S.C. § 501(c)(3) or (5); and

1-7 (b) Registered and approved by the state apprenticeship council

1-8 pursuant to chapter 610 of NRS [.] or by the Federal Government

1-9 pursuant to 29 U.S.C. § 50.

1-10 2. If any property exempt from taxation pursuant to subsection 1 is

1-11 used for a purpose other than that of the apprenticeship program required

1-12 in subsection 1, and a rent or other valuable consideration is received for

1-13 its use, the property must be taxed, unless the rent or other valuable

1-14 consideration is paid or given by an organization that qualifies as a tax-

1-15 exempt organization pursuant to 26 U.S.C. § 501(c)(3).

2-1 3. Property that is held on behalf of or in trust for a local or state

2-2 apprenticeship committee by any other legal entity formed by the

2-3 committee shall be deemed to be property owned by the local or state

2-4 apprenticeship committee for the purposes of subsection 1.

2-5 Sec. 2. This act becomes effective on July 1, 1999.

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