AB453 revises Nevada's taxation laws, imposing a tax on retail sales of specified digital products and modifying the commerce tax threshold.

AB453 amends Nevada's tax code to impose a tax on retail sales of specified digital products, including digital audio works, digital audiovisual works, and digital books, at the same rate as the sales and use tax. It also lowers the threshold for the commerce tax from $4,000,000 to $3,500,000 in Nevada gross revenue. The bill defines terms such as "specified digital products," "retailer," and "retail sale," and outlines the conditions under which the tax applies. Additionally, it modifies the tax on live entertainment by removing exemptions for certain professional sports team events.

AB453 revises Nevada's taxation laws, imposing a tax on retail sales of specified digital products and modifying the commerce tax threshold.

AB453 amends Nevada's tax code to impose a tax on retail sales of specified digital products, including digital audio works, digital audiovisual works, and digital books, at the same rate as the sales and use tax. It also lowers the threshold for the commerce tax from $4,000,000 to $3,500,000 in Nevada gross revenue. The bill defines terms such as "specified digital products," "retailer," and "retail sale," and outlines the conditions under which the tax applies. Additionally, it modifies the tax on live entertainment by removing exemptions for certain professional sports team events.