Assembly Bill No. 471–Assemblymen Humke, Freeman, Gibbons, Brower, Anderson, Angle, Gustavson, Evans and Manendo

March 10, 1999

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Referred to Committee on Taxation

 

SUMMARY—Reduces and prospectively eliminates certain special motor vehicle privilege tax in Washoe County. (BDR S-1334)

FISCAL NOTE: Effect on Local Government: Yes.

Effect on the State or on Industrial Insurance: No.

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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; requiring the board of county commissioners of Washoe County to reduce the rate of a certain special motor vehicle privilege tax imposed during a certain period; prospectively prohibiting the board of county commissioners of Washoe County from imposing, levying or continuing the tax after a certain date; 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. Section 38 of chapter 491, Statutes of Nevada 1991, as

1-2 amended by section 4 of chapter 475, Statutes of Nevada 1993, at page

1-3 1950, is hereby amended to read as follows:

1-4 Sec. 38. 1. The board of county commissioners of Washoe

1-5 County shall reduce the rate of the tax ad valorem imposed pursuant

1-6 to section 33 of this act by 1.5 cents per $100 of assessed valuation

1-7 for the fiscal year 1993-1994.

1-8 2. The board of county commissioners of Washoe County shall

1-9 reduce the rate of the tax ad valorem imposed pursuant to section 33

1-10 of this act, in addition to the reduction made pursuant to subsection

1-11 1, by 4 cents per $100 of assessed valuation for the fiscal year

1-12 1994-1995.

2-1 3. The board of county commissioners of Washoe County

2-2 shall reduce the rate of the special privilege tax imposed pursuant

2-3 to section 30 of this act to the amounts shown for each $1 of

2-4 valuation for the respective fiscal years:

2-5 2001-2002 0.8 cents

2-6 2002-2003 0.6 cents

2-7 2003-2004 0.4 cents

2-8 2004-2005 0.2 cents

2-9 The board of county commissioners of Washoe County shall not

2-10 impose or levy that special privilege tax for any fiscal year after

2-11 June 30, 2005.

2-12 4. The board of county commissioners of Washoe County or

2-13 Churchill County shall not, after June 30, 1994:

2-14 (a) Except as otherwise provided in subsection 2 [or 4,] , 3 or 5,

2-15 decrease the rate of any of the taxes imposed pursuant to sections

2-16 29 to 33, inclusive, of this act unless all of the local governments

2-17 that are entitled to receive a monthly distribution from the tax

2-18 distribution fund for the county agree to the decrease.

2-19 (b) Increase the rate of any tax imposed pursuant to sections 29

2-20 to 33, inclusive, of this act.

2-21 [4.] 5. If necessary to avoid violating the provisions of

2-22 subsection 2 of section 31 of this act, the board of county

2-23 commissioners of Washoe County shall reduce the amount of the

2-24 license fee imposed pursuant to that section by the minimum

2-25 amount necessary to comply with the provisions of subsection 2 of

2-26 section 31 of this act.

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