Nevada AB403 proposes to exempt sales and use taxes on the value of used portable electronics traded in for another device, if the trade-in and.

Nevada AB403 seeks to amend the Sales and Use Tax Act of 1955 to exempt sales and use taxes on the value of a used portable electronic device traded in for another device. This exemption applies if the trade-in and purchase occur as part of a single, contemporaneous transaction and the trade-in value is stated on the sales receipt. If approved by voters in the 2026 General Election, the exemption would take effect on January 1, 2027, and expire on December 31, 2050. The bill also proposes similar exemptions for other analogous taxes.

Nevada AB403 proposes to exempt sales and use taxes on the value of used portable electronics traded in for another device, if the trade-in and.

Nevada AB403 seeks to amend the Sales and Use Tax Act of 1955 to exempt sales and use taxes on the value of a used portable electronic device traded in for another device. This exemption applies if the trade-in and purchase occur as part of a single, contemporaneous transaction and the trade-in value is stated on the sales receipt. If approved by voters in the 2026 General Election, the exemption would take effect on January 1, 2027, and expire on December 31, 2050. The bill also proposes similar exemptions for other analogous taxes.