(Carson City, NV; March 8, 2012) — Effective immediately, based on approval of Regulation 080-11 by the Legislative Commission’s Subcommittee to Review Regulations, entities such as corporations, LLCs, etc. formed pursuant to Title 7 of the Nevada Revised Statutes are ineligible for the state business license home-based business exemption. This regulation clarifies and reinstates the original home-based business exemption as defined by the Legislature in 2003.
“My office will be enforcing the home-based business exemption in accordance with the original intent of the Legislature, which will level the playing field for the many businesses that have been compliant and paying the appropriate fees,” said Secretary of State Ross Miller.
Title 7 entities claiming a home-based business exemption on their annual list filing after March 8, 2012 will be returned to the customer for correction and to apply for the state business license.
The regulation clarifies that the home-based business exemption applies only to natural persons, i.e. sole proprietors or general partnerships who meet the requirements of the exemption.