Amendment No. 691

 

Senate Amendment to Assembly Bill No. 348  First Reprint                                              (BDR 32‑1121)

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 5 through 7 and inserting:

     “1.  On or before February 1 of the year immediately preceding the year to which the factors will be applied, the Department shall provide the proposed factors to each county”.

     Amend section 1, page 1, line 9, by deleting “September 1” and inserting “May 15”.

     Amend section 1, pages 1 and 2, by deleting lines 13 through 15 on page 1 and lines 1 through 15 on page 2, and inserting:

     “3.  If one or more of the county assessors notify the Nevada Tax Commission of an objection to the proposed factors that are applicable to the county they represent, the Nevada Tax Commission shall, at a regularly scheduled meeting of the Commission, hold a hearing on those proposed factors before the factors are adopted. At the hearing, the Nevada Tax Commission shall:

     (a) Make every effort to reconcile the objection or objections of each county assessor; and

     (b) Provide to those persons attending the hearing copies of any published reference manuals and the local indicators of the taxable value of improvements that were used by the Department to establish the proposed factors.”.