Nev. Admin. Code § 368A.143 — 368A.143

NAC 368A.143    Computation of amount of tax due: License or rental fee paid for
luxury suite, box or similar product. ( NRS 360.090 , 368A.140 )
1.  For the purposes of subsection 4 of NRS 368A.020 :
(a) If a license or rental fee paid for a luxury
suite, box or similar product at a facility with a maximum occupancy of at
least 7,500 persons includes the admission of a certain number of patrons to
live entertainment provided at the facility, the amount of the proceeds from
the license or rental fee that is subject to the tax imposed by chapter 368A of NRS is equal to the
lowest priced admission charge for the live entertainment event at the facility
multiplied by the number of admissions to the live entertainment event included
in the license or rental fee, regardless of the number of admissions utilized
for the live entertainment event. Upon request, a taxpayer shall provide to the
Department records to support the lowest priced admission charge for the live
entertainment event at the facility and the number of admissions to the live
entertainment event included in the license or rental fee.
(b) If a license or rental fee is paid for a luxury
suite, box or similar product at a facility with a maximum occupancy of less
than 7,500 persons, the entire amount of the proceeds from the license or
rental fee is subject to the tax imposed by chapter 368A of NRS.
2.  For the purposes of this section and
subsection 4 of NRS 368A.020 ,
the Commission will interpret the term “lowest priced admission charge” to mean
the lowest price available to the general public for an admission to the
facility where the live entertainment is provided.
(Added to NAC by Tax Comm’n by R062-15, eff. 11-2-2016)