Amendment No. 120

Assembly Amendment to Assembly Bill No. 211 (BDR 32-106)

Proposed by: Committee on Taxation

Amendment Box:

Resolves Conflicts with: N/A

Amends: Summary: Title: Preamble: Joint Sponsorship:

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 section 1, page 1, by deleting lines 2 through 9 and inserting:

"361.106  1.  Except as otherwise provided in subsection 2, the real and personal property of an apprenticeship program [owned] is exempt from taxation if the property is:

(a) Held in a trust created pursuant to 29 U.S.C. § 186; or

(b) Owned by a local or state apprenticeship committee [is exempt from taxation if] and the apprenticeship program is:

[(a)] (1) Operated by an organization which is qualified pursuant to 26 U.S.C. § 501 (c)(3) or (5); and

[(b)] (2) Registered and approved by the state apprenticeship council pursuant to chapter 610 of NRS.".

Amend section 1, page 2, by deleting lines 1 through 4.

Amend the title of the bill to read as follows:

"AN ACT relating to taxation; revising the provisions governing the exemption of the property of apprenticeship programs from property taxes; and providing other matters properly relating thereto.".