NevadaSB19683rd Regular Session (2025)SenateWALLET

AN ACT relating to taxation; providing for the imposition, administration, collection and enforcement of a recovery fee to offset property taxes levied on certain heavy equipment; providing penalties; and providing other matters properly relating thereto.

Sponsored By: Nicole J. Cannizzaro (Democratic)

Signed by Governor

BDR 32-19

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 1 benefits, 1 costs, 1 mixed.

No recovery fee for governments

Beginning July 1, 2025, rental companies cannot charge the recovery fee when renting to the U.S. government and its agencies, Nevada state and local governments, or any entity Nevada is barred from taxing. These rentals are exempt from the fee. Other renters can still be charged the fee.

Annual report and records for rental firms

Starting July 1, 2025, if your company charges the recovery fee, you must file a report with the Nevada Department of Taxation by August 15 each year. The report shows the recovery fees you collected and the property taxes on your rental equipment for the prior fiscal year. You must keep records to prove compliance for at least five years, or longer if there is related litigation, and make them available during business hours. The Department can examine your records and set rules on what to keep. Filing false reports or keeping more than one set of books is a gross misdemeanor.

Up to 2% fee on heavy equipment rentals

Beginning July 1, 2025, heavy equipment rental companies that rent without an operator from a Nevada location can add a recovery fee. The fee can be up to 2% of the rental charge and must appear as a separate line on the invoice. That fee is not part of the rental charge. Companies must keep the fee in a separate account and use it only to offset property taxes on the rental equipment.

Sponsors & Cosponsors

Sponsor

  • Nicole J. Cannizzaro

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 52 • No: 10

House vote • 5/23/2025

Final Passage - Assembly (1st Reprint)

Yes: 33 • No: 9

Senate vote • 4/18/2025

Final Passage - Senate (1st Reprint)

Yes: 19 • No: 1

Actions Timeline

  1. Chapter 180.

    5/31/2025legislature
  2. Approved by the Governor.

    5/31/2025legislature
  3. Enrolled and delivered to Governor.

    5/27/2025legislature
  4. To enrollment.

    5/23/2025Senate
  5. In Senate.

    5/23/2025Senate
  6. Read third time. Passed. Title approved. (Yeas: 33, Nays: 9.) To Senate.

    5/23/2025House
  7. Taken from General File. Placed on General File for next legislative day.

    5/22/2025House
  8. Taken from General File. Placed on General File for next legislative day.

    5/21/2025House
  9. Read second time.

    5/20/2025House
  10. From committee: Do pass.

    5/19/2025House
  11. Read first time. Referred to Committee on Revenue. To committee.

    4/21/2025House
  12. In Assembly.

    4/21/2025House
  13. Read third time. Passed, as amended. Title approved. (Yeas: 19, Nays: 1, Absent: 1.) To Assembly.

    4/18/2025Senate
  14. From printer. To engrossment. Engrossed. First reprint.

    4/18/2025Senate
  15. To printer.

    4/18/2025Senate
  16. Read second time. Amended. (Amend. No. 145.)

    4/17/2025Senate
  17. Placed on Second Reading File.

    4/17/2025Senate
  18. From committee: Amend, and do pass as amended.

    4/17/2025Senate
  19. From printer. To committee.

    2/11/2025Senate
  20. Read first time. Referred to Committee on Revenue and Economic Development. To printer.

    2/10/2025Senate

Bill Text

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