Nev. Rev. Stat. § 360.137 — Duty of Executive Director to submit tax expenditure report; contents; requests for information

NRS  360.137    Duty of Executive Director to submit tax expenditure report;
contents; requests for information.
1.  On or before November 10 of each
even-numbered year, the Executive Director shall submit a tax expenditure
report to the Governor and the Director of the Legislative Counsel Bureau for
transmittal to the Legislature and the appropriate interim committee or
committees of the Legislature.
2.  The report required by subsection 1
must provide, for each tax expenditure:
(a) A description of the tax expenditure;
(b) The year in which the tax expenditure was
enacted;
(c) The purpose for which the tax expenditure was
enacted;
(d) A summary of any amendments to the tax
expenditure since it was enacted;
(e) To the extent that pertinent information is
available, estimates of:
(1) The fiscal impact to this State and
local governments of the tax expenditure during each fiscal year of the
biennium in which the report is prepared;
(2) The number of taxpayers receiving
benefit from the tax expenditure; and
(3) The revenue that would result from
repeal of the tax expenditure; and
(f) A statement of:
(1) Any pertinent information which is not
available to prepare the estimates required by paragraph (e); and
(2) The reasons for the unavailability of
that information.
3.  Each agency, bureau, board, commission,
department, division, office and other governmental entity of the State of
Nevada, each county treasurer and county assessor and each entity receiving the
benefit of a tax expenditure, shall respond fully and appropriately to any
request for information made by the Executive Director for use in the report
required by this section not later than 30 days after such a request is made,
to the extent that the requested information is not confidential, privileged or
otherwise protected from disclosure by any provision of state or federal law.
4.  As used in this section, “tax
expenditure” means any law of this State that exempts, in whole or in part,
certain persons, income, goods, services or property from the impact of
established taxes, including, without limitation, tax abatements, tax credits,
tax deductions, tax deferrals, tax exemptions, tax exclusions, tax subtractions
and preferential tax rates.