| The State of Nevada has enacted temporary legislation intended to address the current budget issues for the remainder of FY 2009. These measures include a reduction in the Collection Allowance authorized for taxpayers who collect and remit certain taxes in a timely manner. Taxes affected are Sales Tax, Liquor Excise Tax for Sales to Consumers, Liquor Excise Tax, Other Tobacco Products Tax and Cigarette Tax. The collection allowance for these tax types will be reduced from .5% to .25% for the period beginning on January 1, 2009 and ending on June 30, 2009. Tax returns for these periods will reflect the reduction in the collection allowance.....Click for more |
