Taxes

Areas reviewed here:

I.             CITY ROOM TAXES

II.            CITY GAMING LICENSE FEES

III.          NEVADA DEPARTMENT OF TAXATION – BUSINESSES REQUIRED TO REGISTER

IV.          NV SECRETARY OF STATE – TAXES IN REGARDS TO CORPORATIONS

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I.             CITY ROOM TAXES

These monthly taxes are levied on those operating or conducting a rental business, such as:   hotels, motels, and/or other such businesses with accommodations having four (4) or more rooms for rent.   Forms are available by contacting the West Wendover City Clerk.

As per City Code:

3-3-5: TAXES IMPOSED:

There are hereby fixed and imposed the following room taxes on every licensee operating a rental business in the city for the revenue and regulation in addition to all other license and business taxes now in effect:

A.     Recreation Fund Room Tax: A recreation fund room tax in the amount of fifteen percent (15%) of the gross income received by each licensee from a rental business in the city. (Ord. 01-20, 10-16-2001)

B.     Additional Tax For Lodging Businesses: In addition to the tax imposed and set forth in subsection A of this section, there is fixed and imposed a tax on every licensee operating, conducting or engaging in a rental or lodging business in the city at the rate of one percent (1%) of the gross income received or derived for lodging or room rentals from such endeavors, business or enterprise. Three-eighths (3/8) of the proceeds of said tax shall be paid to the department of taxation, state of Nevada, for the fund for the promotion of tourism established in Nevada Revised Statutes chapter 231; the remaining five-eighths (5/8) of all proceeds of the tax shall be deposited with the Elko County recreation board created pursuant to Nevada Revised Statutes 244A.597 and 244A.598, to be used to advertise the resources of the county related to tourism, including, but not limited to, available accommodations, transportation, entertainment, natural resources, climate and to promote special events. This tax shall be collected and administered pursuant to Nevada Revised Statutes 268.096 and 268.092. (Ord., 11-19-1991)

3-3-9: PAYMENT OF TAX; INTEREST AND PENALTIES:

A.     Payment Of Taxes: Every licensee shall pay the room tax to the tax administrator (City Clerk) on or before the tenth day of the month when such tax shall accrue. Payment of the room tax shall become delinquent on the eleventh day of the month. Such tax becomes payable to the tax administrator by the licensee pursuant hereto.

B.     Penalties And Interest Charged: If the room taxes are not paid on or before the tenth day of the month in which they become due, or if such day falls on a Saturday, Sunday, or legal holiday, on the next succeeding day not a Saturday, Sunday or legal holiday, then the licensee shall pay a penalty of fifteen percent (15%) of the unpaid, due and delinquent room tax, and the licensee shall also pay the costs of collection of the tax, penalty, court costs and attorney fees. (Ord. 2002-04, 11-19-2002)

This complete code, Title 3, Chapter 3, regarding City Room Taxes and regulations can be accessed by clicking here.

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II.           CITY GAMING LICENSE FEES

These quarterly gaming license fees are levied on businesses within the City who are licensed by the Nevada Gaming Commission for operation of gambling games, slot machines, games of chance or other gaming devices.   Forms are available through the City business licensing personnel.

As per City Code:

3-5-2: LICENSE REQUIRED:

It shall be unlawful for any person either as owner, lessee or employee, whether for hire or not, to deal, operate, carry on, conduct, maintain, or expose for play any game as defined in NRS 463.0152 in which any person keeping, conducting, managing or permitting the same to be carried on, receives, directly or indirectly, any compensation or reward, or any percentage or share of the money or property played, for keeping, running, carrying on, or permitting the game to be carried on, or to play, maintain or keep any slot machine played for money, for checks or tokens redeemable in money or property, without having first procured a license for the same as hereinafter provided; and provided further, that no alien or any person except a citizen of the United States shall be issued a license or shall directly, or indirectly, own, operate or control any game or device so licensed. (Ord. 91-29, 8-6-1991)

These fees consist of:   $12.00 per Each Slot Machine and $36.00 per Each Floor Game and Race/Sportsbooks.

This complete code, Title 3, Chapter 5, regarding City Gaming Code and regulations can be accessed by clicking here.

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III.          NEVADA DEPARTMENT OF TAXATION – BUSINESSES REQUIRED TO REGISTER

Nevada Sales/Use Tax Permit & Nevada Business License:   All businesses to be licensed by the City of West Wendover must open an account with the Nevada Department of Taxation or receive a clearance from them stating it is not needed.   No City business license will be issued until this has been completed , as per state law:

NRS 268.095 Powers of governing body; application for certain licenses; imposition of license tax; uses of proceeds of tax; license tax as lien; enforcement of lien; confidentiality of information concerning tax or taxpayer.

3.  No license to engage in any type of business may be granted unless the applicant for the license signs an affidavit affirming that the business has complied with the provisions of NRS 360.780 . The city licensing agency shall provide upon request an application for a business license pursuant to NRS 360.780 .

      4.  No license to engage in business as a seller of tangible personal property may be granted unless the applicant for the license presents written evidence that:

      (a) The Department of Taxation has issued or will issue a permit for this activity, and this evidence clearly identifies the business by name; or

      (b) Another regulatory agency of the State has issued or will issue a license required for this activity.

Listed below is the office that governs our area of the state, and our City business license holders.   Required forms are also available through City business license personnel.

              Nevada Department of Taxation

              850 Elm Street, #2

              P.O. Box 1750

              Elko, NV   89803-1750

              Phone:   (775) 753-1115

              Fax:         (775) 778-6814

All Forms & Publications available here .  http://tax.state.nv.us/

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IV.          NV SECRETARY OF STATE – STATE TAXES IN REGARDS TO CORPORATIONS

Here are just a few advantages to incorporating your business in the State of Nevada:

•  No Corporate Income Tax

•  No Taxes on Corporate Shares

•  No Franchise Tax

•  No Personal Income Tax

•  No I.R.S. Information Sharing Agreement

•  Nominal Annual Fees

•  Minimal Reporting and Disclosure Requirements

•  Stockholders are not Public Record