Assembly Bill No. 419–Assemblymen Ohrenschall,
Carpenter, Anderson, Manendo, Claborn,
McClain, Brower, Leslie and Price

March 8, 1999

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Referred to Committee on Taxation

 

SUMMARY—Provides credit for recycling materials against tax on conducting business. (BDR 32-999)

FISCAL NOTE: Effect on Local Government: No.

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 a credit against the tax upon conducting a business for the recycling of materials used in the business; 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. Chapter 364A of NRS is hereby amended by adding

1-2 thereto a new section to read as follows:

1-3 1. A business that establishes a program for the recycling of

1-4 materials used in the conduct of the business, if the program satisfies the

1-5 requirements set forth in subsection 2, is entitled to a credit against the

1-6 tax imposed by this chapter in the amount of $1 for each equivalent full-

1-7 time employee.

1-8 2. The business must prepare the materials to be recycled for

1-9 collection at the time and in the manner prescribed for general use by the

1-10 county in which the business is located. The governing body of the

1-11 county, or the person with whom it has contracted for the collection of

1-12 materials for recycling, shall report quarterly to the Nevada tax

1-13 commission the name of each business which has complied with the

1-14 provisions of this subsection and has requested that such a report be

1-15 made.

2-1 Sec. 2. NRS 364A.140 is hereby amended to read as follows:

2-2 364A.140 1. A tax is hereby imposed upon the privilege of

2-3 conducting business in this state. The tax for each calendar quarter is due

2-4 on the last day of the quarter and must be paid on or before the last day of

2-5 the month immediately following the quarter on the basis of the total

2-6 number of equivalent full-time employees employed by the business in the

2-7 quarter.

2-8 2. The total number of equivalent full-time employees employed by

2-9 the business in the quarter must be calculated pursuant to NRS 364A.150.

2-10 3. Except as otherwise provided in NRS 364A.152 and 364A.170 [,]

2-11 and section 1 of this act, the amount of tax due per quarter for a business

2-12 is $25 for each equivalent full-time employee employed by the business in

2-13 the quarter.

2-14 4. Each business shall file a return on a form prescribed by the

2-15 department with each remittance of the tax. If the payment due is greater

2-16 than $1,000, the payment must be made by direct deposit at a bank in

2-17 which the state has an account, unless the department waives this

2-18 requirement pursuant to regulations adopted by the commission. The return

2-19 must include a statement of the number of equivalent full-time employees

2-20 employed by the business in the preceding quarter and any other

2-21 information the department determines is necessary.

2-22 5. The commission shall adopt regulations concerning the payment of

2-23 the tax imposed pursuant to this section by direct deposit.

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