NV SB431

Extends Nevada's 9% live entertainment excise tax to ticket resales, requiring resellers to collect and remit the tax on the markup above the original purchase price, with a credit given to purchasers for taxes already paid on the initial ticket purchase

Requires marketplace facilitators (platforms like StubHub or Vivid Seats) to collect and remit the tax if they exceed $100,000 in gross receipts or 200+ transactions annually, unless they have a written agreement shifting responsibility to the reseller

Provides liability protection for marketplace facilitators through January 1, 2028, with relief capped at 5% of total tax owed for calendar years 2026 and 2027

Allocates one-ninth of all live entertainment tax revenue to the regional transportation commission in counties with 700,000+ population (currently only Clark County) for public transit operations and maintenance

Effective January 1, 2026, with "occasional sales" by individuals not engaged in the resale business exempted from the additional tax