[{"_1":2,"_88":-5,"_89":-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],{"_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",6557739,"mediaKeyId","3287992-a3d029e36fdd309ff0c98dbe7eef8336","parentId",3287992,"title","Nevada bill would align state sales-tax exemption process with IRS 501(c)(3) standards, add reporting requirements","audioSeconds",1007,"startMs",2665000,"endMs",3672000,"viewUrl","/Search/View?dp=1&key=3287992-a3d029e36fdd309ff0c98dbe7eef8336&start=2665&end=3672","thumbnailUrl","https://assets.pipeline.soar.com/3287992-a3d029e36fdd309ff0c98dbe7eef8336/thumbnail_2665000.jpg","articleUrl","/articles/6557739/Nevada/Nevada-bill-would-align-state-sales-tax-exemption-process-with-IRS-501c3-standards-add-reporting-requirements","mediaUrl","https://secure.pipeline.soar.com/6557739-996d9670a2fb75712f1414ef8b895af2/orig.mp4?Expires=1776031038&Signature=R-Kw~kPZiPS~xmzl1LNMV15Gh~u2RyltTJR-MgOEVD~vjek8Ks7BA7P6W5l6ZPVN7A2b5GCS1QPhIWW1g8P0NtwtL9tyDClggeVsI9~r~uTvsqr0nq7Li9s3nXvQsxkStZDzmOMl~Fbvw~YRWS~qiL5hHs~4Fo4skuGRkFfUjdhEEn-TJD1PrIrvtxfVjNzmCHTOPL-MCWw7BmkhAMvILmCr4Z3myAdYiYKg10dKXsas04g0pPZyH6dYMWhZvKxqjgMkOGxUwrZ6r-C0LPCol4DNELQx8Pt2qS5wyjqAvmfQzoqSgeSa7iI8Uz8cxXpyIGZx1nFUY0MeWc8JsEYASA__&Key-Pair-Id=KUT5TJCACFTXG","author","Nevada State Legislature","date","2025-05-08T21:33:07Z","article","Assemblymember Shay Backus, sponsor of Assembly Bill 535, told the Senate Committee on Revenue and Economic Development that the bill would align Nevada’s sales and use tax exemption application process for nonprofits with federal 26 U.S.C. §501(c)(3) standards and add transparency measures the state currently lacks.

\"This bill streamlines the process, reducing administrative burdens and freeing up valuable resources that can be better spent on serving the community,\" Backus said, describing the measure as a clarification of existing law rather than an expansion of exemption eligibility. The sponsor said the change is intended to reduce subjectivity and paperwork for organizations that already operate under federal tax-exempt status.

Miles Dixon, CEO and founder of Nevada Grant Lab, told the committee the bill would enumerate factors the Department of Taxation must consider when determining whether an organization is charitable, noting the factors \"align to those found in 26 USC section 501(c)(3).\" Dixon said the list is not exhaustive and is intended as guidance, not a rigid checklist.

As amended, AB535 would (1) add a nonexclusive list of factors the Department of Taxation should consider in evaluating charitable purposes; (2) require the department to provide detailed explanations to applicants denied an exemption; and (3) require a biennial report documenting applications, approvals, denials and the department's decision processes. The sponsor said an amendment was added to clarify that the enumerated factors apply to charitable organizations only, and that one factor — language about \"helping lessen neighborhood tensions\" — was removed after stakeholder feedback.

Shelley Hughes, Executive Director of the Nevada Department of Taxation, said the department is neutral on the bill and provided baseline data: \"Currently 7,693 organizations are registered in Nevada as a 501(c)(3) organization. 2,711 of those currently have RCE exemptions in Nevada,\" she told the committee. Stakeholders including the Vegas Chamber supported the clarifying language; the Nevada Taxpayers Association said it was neutral pending clarification but supported the reporting amendment. Americans for Prosperity Nevada and a pastor who also serves a nonprofit said they were neutral, citing concern that federal recognition should not become the sole criterion for exemption.

Committee members asked how many additional nonprofits might qualify under the clarified standard; proponents said they do not have a precise count, and that the bill’s reporting requirement is intended to produce that information. No committee vote was recorded during the hearing. If enacted, the sponsor said the bill would reduce administrative burdens for smaller nonprofits and increase transparency about how the department applies exemption criteria.

The committee closed the hearing without advancing the bill during the session and moved to public comment and adjournment.","mediaType","Video","parentTitle","5/13/2025 - Senate Committee on Revenue and Economic Development","oneSentenceSummary","AB535 would clarify and streamline Nevada’s sales and use tax exemption for charitable nonprofits by listing factors aligned with IRS 501(c)(3) guidance and adding explanation and biennial reporting requirements; the Department of Taxation and stakeholder groups testified in neutral or support.","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},6557744,"Nevada lawmaker seeks interim study to aggregate corporate-owned rental properties for commerce tax",1440,1285000,2725000,"/Search/View?dp=1&key=3287992-a3d029e36fdd309ff0c98dbe7eef8336&start=1285&end=2725","https://assets.pipeline.soar.com/3287992-a3d029e36fdd309ff0c98dbe7eef8336/thumbnail_1285000.jpg","/articles/6557744/Nevada/Nevada-lawmaker-seeks-interim-study-to-aggregate-corporate-owned-rental-properties-for-commerce-tax","https://secure.pipeline.soar.com/6557744-dd9c4bcdf41b01ebf311d54f8a235e0f/orig.mp4?Expires=1776031038&Signature=Xsnykdn8w-MUs7BS69przwG2YPiIXJt8jUt1IZzOaA~rynw0MfETzxZpb2~OuAY4y2ewDZcP-OiKZQ6Rf9AIJdIHjnVkPxIhsWwcUoGGCv6fvD0NTmBkNsNRYukUrdpm3-ZmLdZOsFlg4EdfdzxbgLV4vv~6DKiJ~LG-NsYc-nOICfQN1FgXpr99XGDkc41IqFDB0XjwtaNVho0~trpDDKJlBVXbMSg47sb5BvaxXrGLy~yC1pImYHb3qUXJhtZkP7WQZgV8Sua-pSD2hNEwgczA~1kwL5ksnuoSNnzfFXoBO-dSyboXni6e6hXlI8k1xI1jNoaltOhQiAOHUuI3EA__&Key-Pair-Id=KUT5TJCACFTXG","Assemblymember Venetia Considine, representing Assembly District 18, asked the Senate Committee on Revenue and Economic Development on Wednesday to authorize an interim study to determine whether certain business entities that each hold single rental properties should be treated as a combined taxpayer group for Nevada's commerce tax.

Considine told the committee that institutional investors and private equity firms often acquire starter homes through many limited liability companies, which makes it difficult for the state to identify common ownership and to determine whether those aggregated holdings meet the commerce tax threshold. \"Often, individual homes again are made their own LLCs with each home being a separate business,\" Considine said. \"As businesses, they should be paying the commerce taxes that other businesses that meet the commerce tax requirements are already paying.\"

The bill, Assembly Bill 457 as introduced, requests a study in the interim on the feasibility of treating certain business entities as a single entity for commerce tax purposes and would examine processes to register a controlling interest in real property and to report changes in controlling interests. Considine said state offices do not currently share data: \"Right now, the secretary of state's office doesn't talk to the county assessor's office, and we have no requirement to file transfers of controlling interest documents,\" she said, arguing that a registration system is required to identify aggregated ownership.

Considine cited media and research findings as background for the request. She said an April news article reported that a single institutional investor owned at least 3,190 homes in Clark County and that one firm reported having more than $55 billion in assets. She also referenced estimates that institutional investors owned roughly 15% of Clark County's housing stock and as much as 25% in North Las Vegas. Considine added that she has been told of an entity with \"over 30,000 houses in our state,\" and said a study would allow the Legislature and agencies to quantify ownership and potential tax revenue.

Committee members pressed on scope and potential consequences. Sen. Steinbeck asked whether the proposal could ensnare smaller, local investors who hold a few properties in LLCs; Considine responded that the commerce tax's existing $4,000,000 gross receipts threshold would limit the change to larger owners. Sen. Cruz Crawford and others asked about revenue estimates; Considine said no reliable revenue estimate exists until the ownership data are compiled.

Witnesses and organizations who testified from the hearing record included Americans for Prosperity Nevada (neutral); one commenter noted support for the sponsor's aims while urging caution about broad approaches. No formal vote was taken; the committee opened and closed the hearing and did not advance the bill during the session.

The bill's sponsor said an interim study would also examine how other states administer similar registrations (many using their taxation departments), how to share results with county assessors and the secretary of state, and how any resulting changes could interact with existing commerce tax exemptions such as those for certain real estate investment trusts. Considine said previous attempts to address related transfer-tax loopholes motivated attaching elements of a prior bill as an amendment to this study request.

With no vote recorded, the committee moved on to the next agenda item. If the committee approves the interim study, the sponsor and state tax and recording offices would be expected to participate in drafting recommended statutory or administrative changes for the 2026 session.","Assemblymember Venetia Considine asked the Senate Committee on Revenue and Economic Development to study creating a process to treat related business entities that own rental homes as a single taxpayer for the purposes of Nevada's commerce tax, citing difficulties in tracking ownership and potential revenue implications.","actionData","errors"]

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Nevada bill would align state sales-tax exemption process with IRS 501(c)(3) standards, add reporting requirements

Nevada lawmaker seeks interim study to aggregate corporate-owned rental properties for commerce tax