AB313

Nevada AB313 revises tax exemptions for motor vehicle registrations, adding a new exemption for volunteer firefighters.

Nevada AB313 revises provisions relating to certain taxes assessed at the registration of a motor vehicle. The bill adds a new tax exemption for vehicles registered by volunteer firefighters, up to a valuation of $8,750. The exemption must be claimed in only one county and requires the claimant to file an affidavit with the Department of Motor Vehicles. The exemption ends the fiscal year after the claimant ceases to be a volunteer firefighter. The exemption amount must be adjusted annually based on the Consumer Price Index. The bill also imposes penalties for fraudulent claims.