Assembly Revenue Committee adopts hearing policies, reviews Revenue Reference Manual

The Assembly Committee on Revenue adopted committee policies and heard an overview of the Legislature—s Revenue Reference Manual and interim revenue work at its first meeting of the 80th Nevada Legislature in Carson City, with a remote connection to Las Vegas.

Chair Shaye Backus opened the meeting and presided over the roll call and introductions. The committee voted to adopt its 2025 committee policies after a motion by Vice Chair Venetia Considine and a second from Assemblymember Reuben De Silva; the chair announced, "The ayes carry and the motion passes." The policies include a new request that presenters provide exhibits to staff by 9 a.m. the day before hearings to allow trademark and legal review and to ensure timely posting on the Nevada Electronic Legislative Information System (NELIS).

The adoption matters because the policies set hearing procedures for the session and the deadline for exhibits is intended to give committee staff time to review materials before they are posted and considered. Susanna Powers, deputy fiscal analyst with the Legislative Counsel Bureau—s Fiscal Analysis Division, told the committee that exhibits should be submitted at least by 9 a.m. the day before a hearing and encouraged written testimony when high volumes of public comment are expected. "Interested persons are strongly encouraged to submit written testimony in advance or no later than 24 hours after we adjourn from our hearing," Powers said.

Committee members then received a high-level walkthrough of the Revenue Reference Manual, the multi-hundred-page document produced by the Fiscal Analysis Division. Michael Nakamoto, chief principal deputy fiscal analyst, described the manual as an evolving reference and solicited feedback from members. "If you see things in here that you think are lacking or things that you wish were there, let us know," Nakamoto said, adding that staff will consider updates for future editions.

The presentation highlighted key reference data included in the manual: the Economic Forum—s most recent general fund forecast for fiscal years 2026—2027 (listed in the manual as $12,400,000,000), detailed tax summaries, statutory citations, the history of tax legislation back to 1979, and program-specific material such as sales-and-use tax components. Powers summarized the statewide sales-and-use tax: "The statewide sales and use tax rate in Nevada is 6.85 percent," composed of a 2 percent general-fund component, a 0.5 percent basic city-county relief tax, a 1.75 percent supplemental city-county relief tax, and a 2.6 percent local school support tax.

Staff noted several new or updated manual entries, including a sales tax rate table by county and a section on unredeemed wagering vouchers, which the manual lists as producing nearly $20 million in revenue after statutory transfer rules. The manual also includes sections on property tax caps and abatements, net proceeds of minerals, cannabis taxes (including the 15 percent wholesale tax and the 10 percent retail component), fuel and motor vehicle taxes, the modified business tax, commerce tax categories tied to NAICS codes, tax credits, and a legislative-history appendix.

The meeting also reviewed the Joint Interim Standing Committee (JISC) on Revenue bulletin from the interim. Nakamoto summarized that the JISC held multiple meetings and received agency presentations, and that the statutory authority permits up to 10 BDR (bill draft request) recommendations; three were forwarded from the JISC work session and appear on the committee—s watch list.

No public comment was offered in Carson City, Las Vegas or on the phone line, and the chair adjourned the meeting.

Votes at a glance: The committee adopted its committee policies by voice vote; no roll-call tally was recorded in the meeting transcript. Motion: adopt committee policies; mover: Assemblymember Venetia Considine; second: Assemblymember Reuben De Silva; outcome: approved (voice vote).