NV SB142

Requires the Department of Taxation to adjust all monetary exemption amounts every 3 years starting April 1, 2026, based on changes in the Consumer Price Index for All Urban Consumers, West Region, with adjusted amounts posted on the Department's website by February 1 of each adjustment year.

Changes wage garnishment exemptions from a percentage-based system tied to gross weekly salary to a flat $850 weekly exemption plus either 90% of disposable earnings exceeding $850 (if weekly earnings are $1,200 or less) or 85% of earnings exceeding $850 (if weekly earnings exceed $1,200).

Increases the personal bank account exemption from $400-$2,000 (depending on whether exempt funds were recently deposited) to a flat $5,000 regardless of deposit source, except for garnishments related to support obligations.

Expands the definition of "earnings" to explicitly include compensation paid to independent contractors, not just employees, ensuring wage garnishment protections apply to gig workers and self-employed individuals.

Repeals existing provisions requiring calculation of gross weekly salary or wage for determining garnishment exemptions, simplifying the exemption determination process.