NV AB276

Replaces the fixed $4,000,000 Nevada gross revenue threshold for commerce tax with an annually adjusted threshold indexed to the Consumer Price Index for All Urban Consumers, West Region (All Items), calculated based on the average 12-month percentage increase over the preceding 3 calendar years.

For taxable year beginning July 1, 2025, the threshold equals $4,000,000 plus an inflation adjustment; subsequent years increase the threshold if the 3-year average CPI change is positive, or maintain the prior year's threshold if negative, rounded to the nearest $100,000.

Department of Taxation must calculate and publish the revenue threshold on its website within 30 days after July 1, 2025, and by March 1 annually thereafter for the upcoming taxable year.

Business entities with Nevada gross revenue at or below the revenue threshold are exempt from filing commerce tax returns for that taxable year.

Prohibits the Department from paying interest on commerce tax overpayments when a business uses a revenue threshold other than the one calculated and published by the Department.