[{"_1":2,"_112":-5,"_113":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,76,88,100],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},"mediaId",6627515,"mediaKeyId","2723714-085bbe817ce4340670c7ac2e6057ae78","parentId",2723714,"title","Nevada revenue committee hears proposal to let voters exempt coins, bullion and currency from sales tax","audioSeconds",2382,"startMs",1217000,"endMs",3599000,"viewUrl","/Search/View?dp=1&key=2723714-085bbe817ce4340670c7ac2e6057ae78&start=1217&end=3599","thumbnailUrl","https://assets.pipeline.soar.com/2723714-085bbe817ce4340670c7ac2e6057ae78/thumbnail_1217000.jpg","articleUrl","/articles/6627515/Nevada/Nevada-revenue-committee-hears-proposal-to-let-voters-exempt-coins-bullion-and-currency-from-sales-tax","mediaUrl","https://secure.pipeline.soar.com/6627515-05150ec61fa6297d4ba8f3fcd2a5c614/orig.mp4?Expires=1771057498&Signature=nzBcF8C4~lYbPoJpXGVFx-oxtkY0jQEUBeH45wswaVYgmorpsabUk0o-792U5nPMOmexXBe9s8aQPEnzLFGtjLCjXG~jyTcjb4NdMjzH2JL097UFtrX67afLeE9gT30D~y8Gmx8BeDdS4SgfWU0tkgpBbLHVXOVlhvXoBXJqQJYekCPUGj3aWLzLhP9EFzjU5kn8r9IH4zURjOCkkONEAeZ04TM9g5aYb6jpoOjp-AC8wU66M4LQyfSqNw3j55TSCHFxg2U6JBbV8JlBN8T3h7GM23MKmk4u48Q2ALYIM5yTKu6TWwrlgwapyqOxPhZIufgomPgwCXQlnAV5l3kPsQ__&Key-Pair-Id=KUT5TJCACFTXG","author","Nevada Legislature","date","2025-03-21T01:18:36.773Z","article","Assemblymember Danielle Gallant presented Assembly Bill 3 59 on behalf of a colleague and asked the Assembly Committee on Revenue to consider sending to voters a proposed amendment to the Sales and Use Tax Act of 1955 that would exempt certain coins, currency and bullion from sales and use taxes if approved at the 2026 general election.

The bill’s primary witnesses were Patrick A. Heller, identified as an industry issues adviser for the National Coin and Bullion Association, and Alan Rowe, owner-operator of Northern Nevada Coin. Heller said the exemption “is a cost effective strategy that, can stimulate economic growth as has happened elsewhere, potentially increasing overall tax revenue even though this is a tax exemption.” Rowe told the committee that after Nevada enacted an exemption for bullion in 2011 (effective 2012), his business’s bullion sales grew “about 44 times what it used to be,” and he said his operation expanded from one store and eight employees to three stores and 38 employees.

Witnesses and several public supporters described three main effects they expect from the change: (1) more business retained in Nevada rather than being driven to neighboring states with exemptions, (2) larger coin shows that bring hospitality and tax‑able spending to host communities, and (3) easier access for small-scale investors who cannot use out-of-state depositories. Janine Hansen of the Independent American Party said, “The Independent American party has always supported hard money and precious metals and we're glad to be able to support this today.”

Shelley Hughes, director of the Department of Taxation, told the committee the department “did not put a fiscal note on this bill because currently, we are not taxing the sale of bullion.” Hughes said the department had been preparing to initiate regulations to clarify taxation but that process is on hold while the bill proceeds; she added the department “could not determine” a state fiscal impact for the committee’s fiscal note.

Supporters referenced experience in other states as precedent; witnesses cited Michigan’s 1999 exemption and industry analyses that show increased dealer employment, show attendance and related taxable spending. Opponents did not appear in testimony during the hearing; callers and in-person supporters emphasized economic and consumer-access benefits.

The bill, as presented, would submit the exemption to voters at the Nov. 3, 2026, general election and — if approved — make the change effective Jan. 1, 2027. No formal vote was taken by the committee during the recorded hearing.","mediaType","Video","parentTitle","3/20/2025 - Assembly Committee on Revenue","oneSentenceSummary","Assemblymember Danielle Gallant presented AB359 to the Assembly Committee on Revenue in Carson City, seeking voter approval to exempt certain coins, currency and bullion from Nevada sales and use taxes.","taxTitle","2025 Legislature NV, Nevada","taxId",78440,"location","Nevada","headline","","shortSummary",{"_33":77,"_35":36,"_37":38,"_39":78,"_41":79,"_43":80,"_45":81,"_47":82,"_49":83,"_51":84,"_53":85,"_55":56,"_57":58,"_59":86,"_61":62,"_63":64,"_65":87,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6627501,"Public comment urges committee to act on bills to 'protect women's sports'",122,6110000,6232000,"/Search/View?dp=1&key=2723714-085bbe817ce4340670c7ac2e6057ae78&start=6110&end=6232","https://assets.pipeline.soar.com/2723714-085bbe817ce4340670c7ac2e6057ae78/thumbnail_6110000.jpg","/articles/6627501/Nevada/Public-comment-urges-committee-to-act-on-bills-to-protect-womens-sports","https://secure.pipeline.soar.com/6627501-7f6340fd27efcae28c31db611b33670d/orig.mp4?Expires=1771057498&Signature=OGOLr~68MTSNZI75~vGWup2mbNQ8S5PqTaZqACXc8PoFHD26BHEfhaS9lpAjgfW9-piEgPnzgp-86LOmR7mAs3pUB1IYEnq3snAlYCMOeVVmvv3-BudBYsk4KADBNKl4Vc024bIMdS9~8jtNLlOpde-3iGY3jyzgpuRubnimtkzmr-znlFoavi9DFsK1t8iURWT9kwO3IDdseVvf68iTee-hOESgR3KlxnxzGqDXWYhlLcGqWSLeLN-Gd9QF849QWtb3wJas2Z8CLJJ8-yKJJQcJNNm8JAP2LoA5Rc0dAKgm0ebzJNZwGZlGPM1ub3P2i9Or5HjDnk1U2EjWrbQkcQ__&Key-Pair-Id=KUT5TJCACFTXG","During the public comment portion of the Assembly Committee on Revenue meeting a caller identified as Michael Ryan, a long‑time Nevada resident and Marine Corps veteran, urged lawmakers to advance legislation addressing participation in women’s sports. Ryan said he attended a rally on March 14 and praised Lieutenant Governor Stavros Anthony’s leadership. He urged the committee to bring bills (he referenced SB112/AB240) to a hearing in the Nevada Legislature and criticized members of Congress who voted against related federal legislation.

Ryan’s remarks were made during the committee’s public comment period and do not reflect any formal committee action. No committee member moved the subject into committee business during the recorded meeting.","A member of the public used the assembly's public comment period to urge Nevada lawmakers to advance legislation to limit participation in women's sports by biological males; the speaker asked the committee to bring related bills to a hearing.",{"_33":89,"_35":36,"_37":38,"_39":90,"_41":91,"_43":92,"_45":93,"_47":94,"_49":95,"_51":96,"_53":97,"_55":56,"_57":58,"_59":98,"_61":62,"_63":64,"_65":99,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6627506,"Panel backs ballot proposal to allow sales tax credit for trade‑in value of portable electronics",1627,4493000,6120000,"/Search/View?dp=1&key=2723714-085bbe817ce4340670c7ac2e6057ae78&start=4493&end=6120","https://assets.pipeline.soar.com/2723714-085bbe817ce4340670c7ac2e6057ae78/thumbnail_4493000.jpg","/articles/6627506/Nevada/Panel-backs-ballot-proposal-to-allow-sales-tax-credit-for-tradein-value-of-portable-electronics","https://secure.pipeline.soar.com/6627506-da867d0534f82524a3fe7a6b55d00f5b/orig.mp4?Expires=1771057498&Signature=e5BA9ocnmpm8tGb94q4sK5oDFgyf96xvsbK4lJIGCM71f~M1X0-awa~UnYbOlCPuveY~odD1hOAjEmjPwdFu2pbZMkQSdLzn~KS3t7ZsAZMmFLGC92XTfaHxsUaBGuw8uIkamHo5Us0~B9RuEnfKShu77p75zpLhqISKLbC8R~Wogunj1vOzOhEkAbO6cHswY3Th~cHm5BexlH4DvPjkTXMizf6K142rHZyb91UXDKC6RqsNUwVL8AzZYp6m1n1BCgCNGJpr-qk60vq31Mh1nBmDIa7IW9LrS~dd4ETIT9IpApVIuWdYwylJfsksJzQvnER78mUHiDkaqj9n8GM0HQ__&Key-Pair-Id=KUT5TJCACFTXG","Assemblymember Selena Torres Fawcett presented Assembly Bill 4 03 to the Assembly Committee on Revenue seeking voter approval to amend the Sales and Use Tax Act of 1955 so that retailers could subtract the allowance given for a used portable electronic device taken in trade when calculating sales and use tax on the purchase of another portable electronic device.

Torres Fawcett said the measure would treat portable electronics trade‑ins in the same way Nevada treats motor vehicle trade‑ins: tax would apply only to the difference between the selling price and the allowance for the trade‑in. She said the bill would be placed on the Nov. 3, 2026 general election ballot and — if approved by voters — become effective Jan. 1, 2027. The sponsor noted the proposal is meant to reflect modern consumer practices that did not exist when the 1955 act was adopted.

Olivia Spears, government affairs counsel for Asurion, told the committee the exemption would apply to a range of portable devices, including phones, tablets and laptops, and would allow retailers to state the allowance separately on receipts. Spears said the change would reduce the tax burden for consumers, encourage trade‑ins which can reduce landfill waste, and allow businesses that operate nationally to harmonize Nevada operations with other states’ practices.

Committee members asked about the breadth of the definition of \"portable electronic device,\" whether non-electronic or medical devices could be captured, and whether the change would include items such as laptops but not large televisions. Spears said the focus was on portability: devices that are ‘‘portable in nature.’’ Sponsor Torres Fawcett said the intent was not to capture medical devices (for example, hearing aids) but she was open to further discussion; members urged follow-up with technical language to clarify the scope.

A representative for a nonprofit submitted a staff estimate that the bill would reduce state revenue by about $3.8 million in the first year and about $4.0 million the following year but argued trade‑in activity and increased retail sales could offset some loss. No formal committee vote was recorded during the hearing; the sponsor said she would continue discussions before any work session.","AB403 would put a question to voters to allow sales and use tax to be calculated on the net selling price after a retailer’s allowance for a traded‑in portable electronic device; sponsors and industry supporters said it would reduce costs for consumers and encourage trade‑ins and refurbishment.",{"_33":101,"_35":36,"_37":38,"_39":102,"_41":103,"_43":104,"_45":105,"_47":106,"_49":107,"_51":108,"_53":109,"_55":56,"_57":58,"_59":110,"_61":62,"_63":64,"_65":111,"_67":68,"_69":70,"_71":72,"_73":74,"_75":74},6627511,"Bill would add checkbox to Nevada property transfer form to simplify primary‑residence tax abatement claims",968,3608000,4576000,"/Search/View?dp=1&key=2723714-085bbe817ce4340670c7ac2e6057ae78&start=3608&end=4576","https://assets.pipeline.soar.com/2723714-085bbe817ce4340670c7ac2e6057ae78/thumbnail_3608000.jpg","/articles/6627511/Nevada/Bill-would-add-checkbox-to-Nevada-property-transfer-form-to-simplify-primaryresidence-tax-abatement-claims","https://secure.pipeline.soar.com/6627511-7359817d7829d62ef0710bc1eca2a121/orig.mp4?Expires=1771057498&Signature=KnHr4W1sy960uDK8zZzQ5-CQSUzn1w4wRkHbE9x6PIoGWwAS5~FS4ZTRQvH-Ih7wq9BOR9H5piFyj4bGz4dgRDpo4Ta~Kmc8OPmx-Z7e-3Sp47FmFmzLt~2624sA7eXiVxEpMoQI2LvGLgoROM6r0Ip~6H8FZFK5eIfgEL4Z31cFvRWjJHHICDcdm-CUjfLr4N0qMcd5qufILYktxF1q0H25~PZZ~7rKMXXK8lCaSiSOcqlvDfsJu3vJ2~G1~6PmCJpaADiUcZdq8-DqQUokXRb1hUK5bK0vol-svleyhVZ77q8H7hT~nbP0jx9BAnBLNEuHvx4GlnWFrR4aEu8new__&Key-Pair-Id=KUT5TJCACFTXG","Assemblymember Danielle Gallant explained Assembly Bill 3 77 as a procedural change intended to reduce errors and mail-based missed deadlines when property ownership changes. The bill would add a checkbox on the declaration of value recorded with the county recorder to indicate whether transferred property will be owner-occupied (and thus eligible for the lower primary‑residence property tax cap) or used as a rental.

Gallant said the bill aims to fix a recurring problem in which owners did not return postcards sent by assessors after a transfer; absent a timely response, properties could be defaulted to the higher 8% cap used for rentals. She told the committee the checkbox would be “internal and streamlined” because recording already requires a declaration and notary, and lenders typically require similar occupancy information during loan origination.

Tomas Hammond of the Nevada Realtors testified in support, saying the change “reduces the burden on homeowners who may miss the form in the mail and make the process more efficient and accessible.” Becky Dutra of the Nevada Taxpayers Association said the bill “is a helpful bill that advises people of their tax rights” and described the proposed NACO amendment as clarifying and useful. Vincent Guthrieau of the Nevada Association of Counties described NACO’s amendment as a clean-up to ensure the recorder’s office mechanism sends the completed declaration to assessors and said NACO was neutral on the bill.

Committee members asked whether the process could be moved fully online; Gallant and county representatives said the recording process generally requires a notary to reduce fraud, so full online recording was not proposed at this time. Members also discussed whether existing primary-residence abatements already in place for current homeowners would need a separate remedy; county representatives offered to follow up with the committee offline on implementation details and any grandfathering for currently capped properties.

No formal committee vote was recorded during the hearing; witnesses described the amendment as procedural and intended to reduce missed abatements and administrative mailing costs.","AB377 would add a checkbox to the declaration of value recorded at property transfer so owners can indicate whether a property is owner-occupied (eligible for the 3% cap) or a rental (capped at 8%), a change sponsors and county officials said would reduce missed abatements and administrative mailings.","actionData","errors"]

Article not found

Nevada revenue committee hears proposal to let voters exempt coins, bullion and currency from sales tax

Public comment urges committee to act on bills to 'protect women's sports'

Panel backs ballot proposal to allow sales tax credit for trade‑in value of portable electronics

Bill would add checkbox to Nevada property transfer form to simplify primary‑residence tax abatement claims