Bank Branch Excise Tax FAQs

Bank Branch Excise Tax FAQs

What is the Nevada Bank Branch Excise Tax?

  • The Nevada Bank Branch Excise Tax is a tax imposed on banks operating more than one branch office within a single county in Nevada.
  • The first branch in each county is exempt from this tax.

How was the Bank Branch Excise Tax initially levied?

  • Initially, the tax was levied on each bank for every branch office they maintained in Nevada, beyond the first branch, regardless of the county.

What changed in the tax rules on July 1, 2005?

  • On July 1, 2005, the rules were revised so that the excise tax is now only imposed on branch offices exceeding one per county.
  • This revision means that only the second and subsequent branches in the same county are taxable.

What is the tax base and rate for the Nevada Bank Branch Excise Tax?

  • Tax Base: The tax is applied to each branch office operating in Nevada that exceeds one branch per county.
  • Tax Rate: The tax is calculated at a rate of $1,750.00 per additional branch per quarter.

Where can I find the form to file the Bank Branch Excise Tax?

Note: FAQs are for general guidance only. For written advice as it relates to your business, request an advisory opinion from the Department.

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