Section 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 calculating1. 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 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. 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 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.Nev. Admin. Code § 368A.453
Added to NAC by Gaming Comm'n by R104-15A, eff. 11/2/2016