SB 483 - Increases Certain Tax Requirements - Nevada Key Vote

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Title: Increases Certain Tax Requirements

Vote Smart's Synopsis:

Vote to pass a bill that increases certain taxes, including, but not limited to, cigarette taxes, effective October 1, 2015.

Highlights:

 

  • Increases the excise tax on cigarettes to $1.80 per pack of 20 cigarettes (Secs. 3-5).

  • Requires an employer of a financial institution to pay a 2% tax on total wages each quarter (Secs. 1 & 2).

  • Specifies that total wages paid by a business that is not a financial institution that exceed $85,000 will be imposed a tax at the rate of 1.17% (Secs. 10 & 12-14).

  • Amends the expiration of the Local School Support Tax from 2015 to indefinitely (Sec. 7).

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