Admissions tax plan arrives

UPDATED ON 5/8 WITH BILL LANGUAGE--ATTACHED---IT COVERS JUST ABOUT EVERYTHING WHERE ENTERTAINMENT OCCURS.

 

Speaker Marilyn Kirkpatrick this morning informed folks that her long-awaited admissions tax is finally drafted, setting a rate of 8 percent for all major venues.

The current Live Entertainment Tax has a two-tiered rate, with some venues taxed at 10 percent and others at 5 percent, depending on capacity. I'm told the bill draft exempts only small venues under 50 seats, nonprofits and some government sites.

The Live Entertainment Tax would go away and be replaced by the Nevada Entertainment and Admissions Tax. (NEAT. Get it? But is it?)

How much would it raise? Ah, that is the tens of millions-of-dollars question. (UPDATE: They think the floor is $50 million. Not sure they know.)