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Nevada Regulations Given Final Approval

NEVADA – As reported by the Associated Press: "Regulations that will enable the state to start gathering nearly $500 million in new payroll and live entertainment taxes were endorsed Wednesday by Nevada's Legislative Commission.

"The rules, the result of four months of hearings and workshops, were approved last week by the state Tax Commission and are up for additional endorsements this month by the state's casino regulators.

"The regulations implement key provisions of SB8, the controversial bill designed to raise taxes by a record $833 million during the 2-year budget cycle that opened July 1.

"…The 10 percent live entertainment tax goes beyond an old tax collected only on entertainment offered in casinos. Now it applies to facilities with more than 300 seats, and will be collected on admission charges, drinks, food and merchandise sold in strip clubs, bars and many nightclubs.

"…Chuck Chinnock, head of the state Taxation Department, expects about 50,000 businesses will pay the payroll taxes and about 5,000 will be subject to the live entertainment levies.

"Both Chinnock and Dennis Neilander, state Gaming Control Board chairman, also have said business owners can write them for opinions on whether they must pay the taxes."

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