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NV AB430
Bill
Status
5/28/2025
Primary Sponsor
Tanya Flanagan
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AI Summary
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Removes payroll processing services from the definition of "money transmission" under NRS 671.013, eliminating the requirement for payroll processors to obtain a license from the Commissioner of Financial Institutions
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Adds persons engaged solely in payroll processing services to the list of entities exempt from Nevada's money transmission licensing and regulatory requirements under Chapter 671 of NRS
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Repeals NRS 671.275, which imposed certain duties on persons engaged in payroll processing services
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Maintains existing exemptions for employers performing their own payroll and professional employer organizations already covered under separate provisions
Legislative Description
Exempts persons engaged in the provision of payroll processing services from provisions governing money transmission. (BDR 55-1072)
Last Action
Chapter 52. (Effective October 1, 2025)
5/28/2025