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
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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
(No further action taken.)
6/3/2025SenateTo committee.
4/17/2025SenateFrom printer. To engrossment. Engrossed. First reprint.
4/17/2025SenateTaken from General File. Re-referred to Committee on Finance. Exemption effective. To printer.
4/16/2025SenateRead second time. Amended. (Amend. No. 365.)
4/16/2025SenatePlaced on Second Reading File.
4/16/2025SenateFrom committee: Amend, and do pass as amended.
4/16/2025SenateNotice of eligibility for exemption.
4/10/2025SenateFrom printer. To committee.
3/21/2025SenateRead first time. Referred to Committee on Revenue and Economic Development. To printer.
3/20/2025Senate
Bill Text
As Introduced
Reprint 1
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