Adult recreational use was legalized in 2017 after voters approved the 2016 Ballot Question 2, Initiative to Regulate and Tax Marijuana. On January 1, 2017, adults in Nevada could purchase up to one ounce of marijuana from legal dispensaries. The regulatory authority changed to the Nevada Department of Taxation under Chapter 453D of Nevada Revised Statutes (NRS). In August … [Read more...] about From Seed to Sale
Cindy Creighton
Taxes and NevadaThe Give and Take
The Nevada State Legislature kept the business community waiting until the end of the 80th legislative session last month. On June 3, the last day the legislature was in session and on deadline, the Senate and Assembly passed several key bills that will affect taxes for years to come and kept some taxes on businesses from expiring. These actions are cause for … [Read more...] about Taxes and Nevada
Tax Changes: What Nevada Companies Need to Know to Benefit
To fully realize available tax benefits resulting from the Tax Cuts and Jobs Act of 2017 Nevada businesses should assess, plan and, if necessary, make changes, now. “My best advice is run some projections on your income right now. See if you run into any problems or limitations on being able to maximize deductions, and look at what you need to do to restructure to make sure … [Read more...] about Tax Changes: What Nevada Companies Need to Know to Benefit