Nev. Admin. Code § 368A.453 - Computation of amount of tax due: License or rental fee paid for luxury suite, box or similar product; request for approval of alternative method of calculating
1. Except as
otherwise provided in subsection 2, for the purposes of subsection 4 of
NRS
368A.020:
(a) If a license or rental fee paid for a
luxury suite, box or similar product at a facility with a maximum occupancy of
at least 7,500 persons includes the admission of a certain number of patrons to
live entertainment provided at the facility, the amount of the proceeds from
the license or rental fee that is subject to the tax imposed by chapter 368A of
NRS is equal to the lowest priced admission charge for the live entertainment
event at the facility multiplied by the number of admissions to the live
entertainment event included in the license or rental fee, regardless of the
number of admissions utilized for the live entertainment event. Upon request, a
taxpayer shall provide to the Department records to support the lowest priced
admission charge for the live entertainment event at the facility and the
number of admissions to the live entertainment event included in the license or
rental fee.
(b) If a license or
rental fee is paid for a luxury suite, box or similar product at a facility
with a maximum occupancy of less than 7,500 persons, the entire amount of the
proceeds from the license or rental fee is subject to the tax imposed by
chapter 368A of NRS.
2.
A taxpayer may submit a written request to the Chair for approval of an
alternative method of calculating the amount of the proceeds from a license or
rental fee paid for a luxury suite, box or similar product at a facility that
is subject to the tax imposed by chapter 368A of NRS. The Chair or the designee
of the Chair may, in his or her discretion, approve or deny the
request.
3. For the purposes of this
section and subsection 4 of NRS
NRS
368A.020, the Commission will interpret the
term "lowest priced admission charge" to mean the lowest price available to the
general public for an admission to the facility where the live entertainment is
provided.
Notes
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