Nevada Tax Changes - October 2024
Week 10.14.2024
The Nevada Department of Taxation is going cashless.
Effective October 24, 2024. This means that all transactions at Department offices will require electronic payment methods, including checks, money orders, credit or debit cards, and electronic bank transfers. The transition will create a unified system, streamline operations, reduce the risk of cash handling errors, and increase security. Additionally, the Nevada Day sales tax holiday for Nevada National Guard members and their qualifying relatives is scheduled this year from October 25 to 27, 2024. Those eligible for the exemption must seek a refund of the sales tax directly from the Department of Taxation. Retailers should no longer request a copy of an exemption letter from the purchaser and must charge sales tax on purchases made during the tax holiday.
Week 10.14.2024
Nevada General Administrative Provisions—Nevada Department of Taxation going cashless.
The Nevada Department of Taxation will shift to a cashless operation across all its offices, effective October 24, 2024. Taxpayers will be required to use electronic payment methods, including checks, money orders, credit or debit cards, and electronic bank transfers, for all transactions at Department offices. More information on acceptable payment methods and instructions will be available on the Department website and at all office locations. The transition will create a unified system, streamline operations, reduce the risk of cash handling errors, and increase security. (Department of Taxation Goes Cashless: Embraces Modernization and Best Practices, Nev. Dept. of Taxation, 10/01/2024.)
Nevada Sales & Use Taxes—Nevada National Guard sales tax holiday from October 25-27.
The Nevada Day sales tax holiday for Nevada National Guard members and their qualifying relatives is scheduled this year from October 25 to 27, 2024. Under L. 2023, S50 (c. 7), effective 07/01/2023, those eligible for the exemption must seek a refund of the sales tax directly from the Department of Taxation (see State Tax Update, 05/19/2023). Retailers should no longer request a copy of an exemption letter from the purchaser and must charge sales tax on purchases made during the tax holiday. Nevada National Guard members must still contact their administrative personnel to apply for an exemption letter before the statutorily imposed deadline each year, as the letter is needed for the refund request. (Nevada Tax Notes No. 201, 10/01/2024.)
Week 10.14.2024
Nevada General Administrative Provisions—Nevada Department of Taxation going cashless.
The Nevada Department of Taxation will shift to a cashless operation across all its offices, effective October 24, 2024. Taxpayers will be required to use electronic payment methods, including checks, money orders, credit or debit cards, and electronic bank transfers, for all transactions at Department offices. More information on acceptable payment methods and instructions will be available on the Department website and at all office locations. The transition will create a unified system, streamline operations, reduce the risk of cash handling errors, and increase security. (Department of Taxation Goes Cashless: Embraces Modernization and Best Practices, Nev. Dept. of Taxation, 10/01/2024.)
Nevada Sales & Use Taxes—Nevada National Guard sales tax holiday from October 25-27.
The Nevada Day sales tax holiday for Nevada National Guard members and their qualifying relatives is scheduled this year from October 25 to 27, 2024. Under L. 2023, S50 (c. 7), effective 07/01/2023, those eligible for the exemption must seek a refund of the sales tax directly from the Department of Taxation (see State Tax Update, 05/19/2023). Retailers should no longer request a copy of an exemption letter from the purchaser and must charge sales tax on purchases made during the tax holiday. Nevada National Guard members must still contact their administrative personnel to apply for an exemption letter before the statutorily imposed deadline each year, as the letter is needed for the refund request. (Nevada Tax Notes No. 201, 10/01/2024.)