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Can you summarize NVRS 368A?
REVENUE AND TAXATION > Tax on Live Entertainment
Short Summary
The provided legal document is part of the Nevada Revised Statutes and pertains to the Tax on Live Entertainment. It defines various terms and concepts related to the taxation of live entertainment in Nevada. The document provides a definition for ‘admission charge’ and ’live entertainment’ in the context of the tax. It specifies what fees or charges are included in the admission charge and what is excluded. The document also defines the term ‘Taxpayer’ based on different circumstances. It outlines the tax rate for live entertainment and provides exemptions for certain entities and circumstances. The document governs the filing of reports, payment of tax, and the maintenance and availability of records for determining tax liability. It also addresses the examination of books, papers, and records by the Board or Department, the confidentiality of records and files, and the action for refund or credit. The document does not mention specific penalties for non-compliance or violation. Overall, it provides a comprehensive framework for the taxation of live entertainment in Nevada and the responsibilities of taxpayers and relevant authorities.
Whom does it apply to?
Persons or entities involved in live entertainment activities in Nevada
What does it govern?
Tax on Live Entertainment
What are exemptions?
Exemptions include certain nonprofit organizations, gratuities to facility employees, fees imposed by independent financial institutions, live entertainment provided by educational institutions, certain athletic contests and exhibitions, live entertainment at licensed gaming establishments with limited capacity, live entertainment at trade shows, and more.
What are the Penalties?
No specific penalties are mentioned in the document.
Jurisdiction
Nevada