Nev. Admin. Code § 368A.150 — 368A.150

NAC 368A.150    Scope of exemption for nonprofit organizations; assessment and
computation of tax by Department. ( NRS 360.090 , 368A.140 )
1.  For the purposes of paragraph (d) of
subsection 4 of NRS 368A.200 ,
live entertainment is provided by or entirely for the benefit of a nonprofit
organization if the proceeds of the admission charges to the facility where the
live entertainment is provided become the property of the nonprofit
organization. The proceeds of the admission charges do not become the property
of a person other than a nonprofit organization as long as the person retains
not more of the proceeds than is necessary to cover the direct, supportable
costs of hosting, promoting or sponsoring the event at which the live
entertainment is provided.
2.  Except as otherwise provided in chapter 368A of NRS and NAC 368A.010 to 368A.170 ,
inclusive, unless live entertainment is provided by or entirely for the benefit
of a nonprofit organization and the number of tickets to that live
entertainment which are offered for sale or other distribution to patrons is
less than 7,500, the Department shall assess and compute the excise tax in
accordance with NAC 368A.140 .
3.  For the purpose of determining the number
of tickets to live entertainment which are offered for sale or distribution to
patrons pursuant to paragraph (a) of subsection 2 of NRS 368A.200 and paragraph (d) of
subsection 4 of that section:
(a) A single ticket providing admission to more
than one live entertainment event constitutes a ticket for each such event.
(b) A live entertainment event that is part of an
offering of multiple live entertainment events and that requires a separate
ticket for admission constitutes a separate live entertainment event.
(Added to NAC by Tax Comm’n by R212-03, eff. 12-4-2003;
A by R062-15, 11-2-2016)