Section 368A.470 - Scope of exemption for nonprofit organizations; assessment and computation of tax by Board1. For the purposes of paragraph (d) of subsection 4 of NRS 368A.200, live entertainment is provided by or entirely for the benefit of a nonprofit organization if the proceeds of the admission charges to the facility where the live entertainment is provided become the property of the nonprofit organization. The proceeds of the admission charges do not become the property of a person other than a nonprofit organization as long as the person retains not more of the proceeds than is necessary to cover the direct, supportable costs of hosting, promoting or sponsoring the event at which the live entertainment is provided.2. Except as otherwise provided in chapter 368A of NRS and NAC 368A.300 to 368A.540, inclusive, and sections 2 to 8, inclusive, unless live entertainment is provided by or entirely for the benefit of a nonprofit organization and the number of tickets to that live entertainment that are offered for sale or other distribution to patrons is less than 7,500, the Board will assess and compute the excise tax in accordance with NAC 368A.450.3. For the purpose of determining the number of tickets to live entertainment which are offered for sale or distribution to patrons pursuant to paragraph (a) of subsection 2 of NRS 368A.200 and paragraph (d) of subsection 4 of that section:(a) A single ticket providing admission to more than one live entertainment event constitutes a ticket for each such event.(b) A live entertainment event that is part of an offering of multiple live entertainment events and that requires a separate ticket for admission constitutes a separate live entertainment event.Nev. Admin. Code § 368A.470
Added to NAC by Gaming Control Bd. by R223-03, 2-25-2004, eff. 1-1-2004; A by R104-15A, eff. 11/2/2016