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NV AB430

Bill

Status

Passed

5/28/2025

Primary Sponsor

Tanya Flanagan

Click for details

Origin

Assembly

83rd Legislature (2025)

AI Summary

  • 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

  • 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

  • Repeals NRS 671.275, which imposed certain duties on persons engaged in payroll processing services

  • 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

Committee Referrals

Commerce and Labor4/23/2025
Commerce and Labor3/13/2025

Full Bill Text

No bill text available