AB 11 — Revises provisions governing the Department of Taxation. (BDR 32-285)

A.B.Assembly Bill No.

1111–Committee Aon SSEMBLYRevenue BCHAPTER.......... ILLN O.

11–COMMITTEE ON R EVENUE (ON B EHALF OF THE D EPARTMENT OF TAXATION ) PREFILED O CTOBER 30, 2024 ____________ Referred to Committee on Revenue SUMMARY—Revises provisions governing the Department of Taxation.

(BDR 32-285) 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 creates the Nevada Tax Commission and designates the Commission as the head of the Department of Taxation.

(NRS 360.010, 360.120) Under certain circumstances, existing law requires the Commission to hold a meeting on June 25 or, if June 25 falls on a Saturday or Sunday, on the following Monday, to set the tax rates for certain local governments if the combined adwingad valorem tax rate within a county will exceed the statutory limit.

(NRS 361.455) Existing law requires the Department, in each even-numbered year, to submit to the Commission a copy of the proposed budget for the Department and legislation proposed by the Department at this meeting or, if no such meeting is held that year, 360.105)at Thisanother billmeeting requiresconducted the Department to submit a copy of its proposed budget and legislation proposed by the Department to the Commission at a meeting held in January of each odd-numbered year rather than June of eachthat even-numbered year.

-(NRS *AB11*360.105) –This 2bill –requires THEthe PEOPLEDepartment OFto THEsubmit STATEa OFcopy NEVADA,of REPRESENTEDits INproposed SENATEbudget ANDand ASSEMBLY,legislation DOproposed ENACTby ASthe FOLLOWS:Department to the Commission at a meeting held in January of each odd-numbered year rather than June of each even-numbered year.

EXPLANATION – Matter in bolded italics is new;

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

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

If the Nevada Tax Commission does not meet pursuant to NRS 361.455 in an even-numbered year, it shall meet during June of that year to accept the proposed budget for the Department and legislation proposed by the Department.] for consideration by the Legislature at its next regular session.

H~~~~~ 25 - *AB11*83rd Session (2025)