NV SB412

Changes the $1,750 excise tax on bank branch offices from a quarterly assessment to an annual assessment, with the tax now applied based on branches maintained on July 1 of each year

Shifts the payment deadline from the last day of the first month of each calendar quarter to July 31 annually

Tax applies to each branch office a bank maintains in Nevada in excess of one branch office per county

Excludes credit unions, certain financial institutions under NRS chapter 677, and entities protected from state taxation by federal law or constitution

Effective date: July 1, 2027