Nev. Admin. Code § 368A.453 — 368A.453

NAC 368A.453    Computation of amount of tax due: License or rental fee paid for
luxury suite, box or similar product; request for approval of alternative
method of calculating. ( NRS 368A.140 )
1.  Except as otherwise provided in
subsection 2, 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
Board 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.  A taxpayer may submit a written request
to the Chair for approval of an alternative method of calculating the amount of
the proceeds from a license or rental fee paid for a luxury suite, box or
similar product at a facility that is subject to the tax imposed by chapter 368A of NRS. The Chair or the
designee of the Chair may, in his or her discretion, approve or deny the
request.
3.  For the purposes of this section and
subsection 4 of NRS 368A.020 ,
the Board shall 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 Gaming Comm’n by R104-15, eff. 11-2-2016)