Nevada AB457 requires a study on changes to taxation provisions, focusing on business entities.

Nevada AB457 mandates the Joint Interim Standing Committee on Revenue to study certain changes to taxation provisions. The bill defines a "combined taxpayer group" as a group of business entities required to be treated as a single entity for commerce tax purposes. It specifies that certain business entities, primarily those renting real property in Nevada, must be treated as members of a combined taxpayer group. The bill also outlines exceptions to the definition of "business entity" and applies to taxable years beginning on or after July 1, 2025.

Nevada AB457 requires a study on changes to taxation provisions, focusing on business entities.

Nevada AB457 mandates the Joint Interim Standing Committee on Revenue to study certain changes to taxation provisions. The bill defines a "combined taxpayer group" as a group of business entities required to be treated as a single entity for commerce tax purposes. It specifies that certain business entities, primarily those renting real property in Nevada, must be treated as members of a combined taxpayer group. The bill also outlines exceptions to the definition of "business entity" and applies to taxable years beginning on or after July 1, 2025.