Post Primary Government Affair Report
June 17, 2016

 

You read the polls and predictions, watched all the TV ads, researched the candidates on your ballot and you voted on or before June 14.  You did vote, right?

 

Who is in and who is out is now old news. But what does it mean for the upcoming General Election in November, and for the 2017 Legislative Session?  What the Primary result means is that we may see some changes in leadership for the 2017 Nevada Legislative Session.

 

Let’s take a look at what happened….. Read more

The Primary is June 14!

 

The June 14 Primary election is rapidly approaching and I am on pins and needles! There are some key races that will be decided on that date.  I anticipate seeing at least a couple of sitting legislators being defeated, and for some, it will be because of their vote of support for the Commerce Tax.  I am also looking forward to a bit of a lull after the Primary so that I can stop the endless stream of fundraising events each night and meals on skewers. Read more

By: Erin R. Barnett, Esq., McDonald Carano Wilson LLP

 

Nevada’s newly-enacted Commerce Tax, ushered in by the passage of Senate Bill 483 on June 10, 2015, will assess varying rates of taxation on the gross revenue of Nevada businesses in excess of $4 million per year. The rate of taxation depends on the industry. Real estate leasing, for example, has a tax rate of 0.25%. The August 15, 2016 deadline to submit the first Commerce Tax returns is fast approaching, and there has been no shortage of questions with regard to the application of the tax. Read more

The Commerce Tax – Choosing the Correct NAICS Code

 

The first annual payment of the Nevada commerce tax is due on August 15, 2016 for the fiscal year of July 1, 2015 through June 30, 2016. All non-exempt taxpayers must file a commerce tax return, even if the taxpayer’s annual gross revenue falls below the $4,000,000 threshold. Among other reasons, the first return is very important because it is the first opportunity for a taxpayer to select the appropriate NAICS code for their business. The selection of the proper NAICS code is significant because the tax rate applicable to each filer is tied to the NAICS code. Read more

NAIOP Government Affairs Report
May, 2016

 

One small step for commercial properties, one giant step for NAIOP.

 

In a recent Las Vegas Business Press, our current President of the Board Michael Shohet was quoted extensively on the subject of license fees for lessors. At issue was a plan by the City of Las Vegas to force commercial property owners to obtain a business license for property that is leased out. NAIOP members came out swinging and as a result, the City has placed a moratorium on the enforcement of the requirement until July so that it can be vetted further. Read more

NAIOP Government Affairs Update
April 2016

As of 5:00 p.m. on Friday, March 18, the filing period for candidates for various state and local offices is now closed. This means that we have a good snapshot of who is in – and out – of which race. As in years past, NAIOP Southern Nevada will be focused on some of the local government races (only Clark County Commission has seats up in 2016), Assembly and State Senate races, as well as keeping an eye on congressional races.
With the campaign season comes calls for funds and invitations to fund-raisers. Every campaign cycle without fail, someone always asks, “What do we get for our contribution dollars,” or even more crudely put, “What does my contribution buy?” In short, and in reality, it “buys” nothing. If you think you are “buying” something with a couple hundred dollars or even more, keep your money in the bank. Read more

Emissions Reduction – New Program

The attached regulation (R054-15I – ERC) is proposing a new, voluntary program intended to assist in growth and economic development in areas designated nonattainment for a national ambient air quality standards (NAAQS). The program will provide offsets for a new major stationary source wishing to locate in a nonattainment area or for an existing facility to make a major modification. The proposed program provides for the creation, banking, transfer and use of Emission Reduction Credits (ERCs). In a nonattainment area, if a facility reduces emissions through an operational change, a reconfiguration or a shutdown, the program will allow the facility to request credit for the reductions and bank a reduced portion of the credit for future use or sale. The emission reductions used to generate an ERC must be surplus, permanent, quantifiable and federally enforceable. Read more