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NV AB277

Bill

Official Source

Status

Passed

5/30/2025

Primary Sponsor

Rich DeLong

Click for details

Origin

Assembly

83rd Legislature (2025)

AI Summary

  • Authorizes the Nevada Department of Taxation to disclose records and files related to the computation of gross yield and net proceeds for all minerals extracted in the state
  • Amends NRS 360.255 to add a new exception to the confidentiality protections for tax administration records
  • Applies specifically to information used in calculating the net proceeds of minerals tax, which is based on actual net proceeds from the preceding calendar year
  • Adds this disclosure authorization to an existing list of exceptions that already permit disclosure for purposes such as court proceedings, IRS information exchanges, and law enforcement investigations

Legislative Description

Revises provisions relating to the confidentiality of information relating to the tax on the net proceeds of minerals in this State. (BDR 32-616)

Last Action

Chapter 132. (Effective October 1, 2025)

5/30/2025

Committee Referrals

Revenue and Economic Development4/23/2025
Revenue2/24/2025

Full Bill Text

No bill text available