SB431

Existing law provides for the imposition of an excise tax at a rate of 9 percent of the admission charge on admission to certain facilities where live entertainment is provided. Existing law additionally provides that such a tax must be collected from the purchaser at the time of purchase, whether or not the admission is purchased for resale. (NRS 368A.200) Section 13 of this bill requires the excise tax imposed on admission to live entertainment events to also be imposed on each resale of admission by a reseller, other than an occasional sale. Section 13 requires a reseller to retain certain records and to provide a credit to a purchaser on the amount of tax owed on the resale of an admission based on the amount of tax paid by the reseller at the time of the initial purchase of the admission. Section 7 of this bill requires a person who directly or indirectly facilitates resales of admission to certain facilities where live entertainment is provided to collect and remit the tax if, in the immediately preceding calendar year or the current calendar year, the facilitator had more than $100,000 of gross receipts from certain transactions or made or facilitated 200 or more sales transactions, on the facilitator's own behalf or on behalf of a reseller, unless the facilitator enters into an agreement with a reseller whereby the reseller agrees to assume responsibility for the collection and imposition of the tax. Section 8 of this bill provides that such a facilitator is not l