SB194

Nevada SB194 revises the short-term lease of a passenger car by exempting replacement vehicles from a governmental services fee.

Nevada SB194 modifies the short-term lease of a passenger car by exempting replacement vehicles from the governmental services fee. This bill requires short-term lessors to charge a 10 percent fee on the lease amount, excluding certain items, but excludes replacement vehicles from this fee. The lessor must report and remit these fees to the Department of Taxation. The bill also outlines the items that should not be included in the total lease amount for which the fee is calculated.