Senate Bill No. 522–Committee on Taxation

March 22, 1999

____________

Referred to Committee on Taxation

 

SUMMARY—Requires strict construction of certain provisions governing imposition of sales and use taxes. (BDR 32-1670)

FISCAL NOTE: Effect on Local Government: No.

Effect on the State or on Industrial Insurance: No.

~

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 strict construction of certain provisions governing the imposition of sales and use 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. Chapter 372 of NRS is hereby amended by adding thereto a

1-2 new section to read as follows:

1-3 The imposition of taxes by this chapter, the categories of transactions

1-4 upon which taxes are imposed and the specification of exemptions are

1-5 exclusive. The tax commission and the department shall not construe any

1-6 provision of this chapter to authorize the imposition of a tax imposed by

1-7 this chapter upon any transaction not expressly made taxable by this

1-8 chapter.

1-9 Sec. 2. Chapter 374 of NRS is hereby amended by adding thereto a

1-10 new section to read as follows:

1-11 The imposition of taxes by this chapter, the categories of transactions

1-12 upon which taxes are imposed and the specification of exemptions are

1-13 exclusive. The Nevada tax commission and the department shall not

1-14 construe any provision of this chapter to authorize the imposition of a tax

1-15 imposed by this chapter upon any transaction not expressly made taxable

1-16 by this chapter.

~