Senate Bill No. 92–Senator O’Donnell

February 9, 2001

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Referred to Committee on Taxation

SUMMARY—Authorizes business that employs disabled person to apply tax credit against tax on privilege of conducting business in this state. (BDR 32‑783)

FISCAL NOTE: Effect on Local Government: No.

Effect on the State: 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 the business tax; authorizing a credit against the tax on the privilege of conducting business in Nevada for businesses that employ at least one disabled person; 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. For each calendar quarter that a business employs at least one

1-4 disabled person, the business is entitled to a credit against the amount of

1-5 tax otherwise due pursuant to subsection 3 of NRS 364A.140 for that

1-6 calendar quarter in an amount equal to the lesser of:

1-7 (a) Six hundred dollars; or

1-8 (b) The amount of tax due pursuant to NRS 364A.140 before a credit

1-9 is applied pursuant to this section.

1-10 2. As used in this section, “disabled person” means a person who:

1-11 (a) Has a physical or mental impairment that substantially limits one

1-12 or more of the major life activities of the person;

1-13 (b) Has a record of such an impairment; or

1-14 (c) Is regarded as having such an impairment.

1-15 3. The commission shall adopt such regulations as it determines

1-16 necessary for the administration of the provisions of this section.

1-17 Sec. 2. NRS 364A.140 is hereby amended to read as follows:

1-18 364A.140 1. A tax is hereby imposed upon the privilege of

1-19 conducting business in this state. The tax for each calendar quarter is due

1-20 on the last day of the quarter and must be paid on or before the last day of

1-21 the month immediately following the quarter on the basis of the total

1-22 number of equivalent full-time employees employed by the business in the

1-23 quarter.

2-1 2. The total number of equivalent full-time employees employed by

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

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

2-4 section 1 of this act, the amount of tax due per quarter for a business is $25

2-5 for each equivalent full-time employee employed by the business in the

2-6 quarter.

2-7 4. Each business shall file a return on a form prescribed by the

2-8 department with each remittance of the tax. If the payment due is greater

2-9 than $1,000, the payment must be made by direct deposit at a bank or

2-10 credit union in which the state has an account, unless the department

2-11 waives this requirement pursuant to regulations adopted by the

2-12 commission. The return must include a statement of the number of

2-13 equivalent full-time employees employed by the business in the preceding

2-14 quarter and any other information the department determines is necessary.

2-15 5. The commission shall adopt regulations concerning the payment of

2-16 the tax imposed pursuant to this section by direct deposit.

2-17 Sec. 3. This act becomes effective on July 1, 2001.

2-18 H