AB 6 — Revises provisions governing exemptions from the requirement to obtain a state business registration. (BDR 7-247)

REQUIRESAssembly TWO-THIRDSBill MAJORITYNo. VOTE (§ 1) A.B.

66–Committee Aon SSEMBLYJudiciary BCHAPTER.......... ILLN O.

6–COMMITTEE ON UDICIARY (ON B EHALF OF THE O FFICE OFE CONOMIC D EVELOPMENT IN THEO FFICE OF THE GOVERNOR ) PREFILED N OVEMBER 15, 2016 ____________ Referred to Committee on Judiciary SUMMARY—Revises provisions governing exemptions from the requirement to obtain a state business registration.

(BDR 7-247) FISCAL NOTE:

Effect on Local Government:

No.

Effect on the State:

No.

~ EXPLANATION – Matter in bolded italics is new;

matter between brackets [omitted material] is material to be omitted.

Existing law requires certain businesses to obtain a state business registration from the Secretary of State and to pay an annual fee for such registration.

(NRS(NRSion 76.100, 76.130) This bill removes the exemption from this requirement for businesses whose primary purpose is to create or produce motion pictures and, thus, requires such businesses to obtain a state business registration and pay the annual fee.

EXPLANATION – Matter in bolded italics is new;

matter between brackets [omitted material] is material to be omitted.

- *AB6* – 2 – (b) Any natural person who performs a service or engages in a trade for profit if the person is required to file with the Internal Revenue Service a Schedule C (Form 1040), Profit or Loss From Business Form, or its equivalent or successor form, a Schedule E (Form 1040), Supplemental Income and Loss Form, or its equivalent or successor form, or a Schedule F (Form 1040), Profit or Loss From Farming Form, or its equivalent or successor form, for that activity;

(b) A nonprofit religious, charitable, fraternal or other organization that qualifies as a tax-exempt organization pursuant to 26 U.S.C.

- 79th Session (2017) – 2 – (c) A person who operates a business from his or her home and whose net earnings from that business are not more than 66 2/3 percent of the average annual wage, as computed for the preceding calendar year pursuant to chapter 612 of NRS and rounded to the nearestnea(d) hundredA dollars.natural person whose sole business is the rental of four or fewer dwelling units to others.

(d) A natural person whose sole business is the rental of four or fewer dwelling units to others.

(f)] A business organized pursuant to chapter 82 or 84 of NRS.

H~~~~~ 17 - *AB6*79th Session (2017)