Amendment No. 351

Assembly Amendment to Assembly Bill No. 455 (BDR 32-583)

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, pages 1 and 2, by deleting lines 3 through 19 on page 1 and lines 1 through 3 on page 2, and inserting:

"1. Except as otherwise provided in subsection 5, one vehicle registered by an elderly person who is an actual bona fide resident of this state is exempt from taxation to the extent of $2,000 of its determined valuation.

2. For the purpose of this section, the first $2,000 of the determined valuation of a vehicle in which an elderly person has any interest shall be deemed to belong to that person.

3. Upon first claiming an exemption pursuant to this section, the elderly person shall furnish to the department, or the county assessor if acting as the agent of the department for that county, an affidavit stating that the exemption is only being claimed on one vehicle and proof of age and residency including his driver’s license or a copy of his birth certificate and such other proof as the department or assessor determines necessary.

4. After the filing of the original affidavit pursuant to subsection 3, the department shall mail a form for renewal of the exemption with the form for the renewal of the registration of the vehicle each year. The form must include an affidavit on which the elderly person shall declare that he is an actual bona fide resident of the State of Nevada and that the exemption is only being claimed on one vehicle. The form must be designed to facilitate its return by mail with the form for the renewal of the registration of the vehicle for which the exemption is claimed. The department shall provide a form to be filled out to change the vehicle to which the exemption applies which must be distributed by and returned to the department or the county assessor, if acting as the agent of the department for the county.".

Amend section 1, page 2, line 13, by deleting "55" and inserting "65".

Amend sec. 4, page 2, by deleting line 36 and inserting:

"Sec. 4. This act becomes effective on January 1, 2000, for the purposes of adopting regulations and performing any administrative tasks necessary to carry out the provisions of this act and on July 1, 2000, for all other purposes.".