NevadaSB41283rd Regular Session (2025)SenateWALLET

AN ACT relating to financial institutions; revising provisions relating to certain excise taxes on certain bank branches; and providing other matters properly relating thereto.

Sponsored By: Senate Committee on Commerce and Labor

Failed

BDR 32-952

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

Nevada banks pay yearly branch taxes

Beginning July 1, 2027, banks pay $1,750 yearly for each Nevada branch beyond one branch statewide. This replaces quarterly assessments that counted branches by county. Banks with more than one Nevada branch count them on July 1, then file and pay by July 31. The tax covers state- and federally chartered banks, including banking and trust companies, and licensed foreign banks. Credit unions, financial institutions covered by Nevada's separate chapter 677 law, and entities protected from taxation by constitutions or treaties are excluded. Branches include full-service offices, drive-in facilities, seasonal and military-base offices, paying-and-receiving units, and phone or online banking locations. ATMs, consumer credit offices, contractual offices, customer communication terminals, electronic funds transfer units, and loan production offices do not count. Banks pay this tax; it is not a direct household tax.

Sponsors & Cosponsors

Sponsor

  • Senate Committee on Commerce and Labor

    Affiliation unavailable

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. (No further action taken.)

    6/3/2025Senate
  2. To committee.

    4/17/2025Senate
  3. From printer. To engrossment. Engrossed. First reprint.

    4/17/2025Senate
  4. Taken from General File. Re-referred to Committee on Finance. Exemption effective. To printer.

    4/16/2025Senate
  5. Read second time. Amended. (Amend. No. 365.)

    4/16/2025Senate
  6. Placed on Second Reading File.

    4/16/2025Senate
  7. From committee: Amend, and do pass as amended.

    4/16/2025Senate
  8. Notice of eligibility for exemption.

    4/10/2025Senate
  9. From printer. To committee.

    3/21/2025Senate
  10. Read first time. Referred to Committee on Revenue and Economic Development. To printer.

    3/20/2025Senate

Bill Text

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