WHAT'S NEW

Jeff Morgan

Jeff joins the team here at In-House, with a long time background as a Stagehand. He has worked on the Celine Dion show as a Carpenter and in the Automation department. With this background He will be able to provide you with the service you expect from the In-House Sales and Rental Department.

July 7, 2015

TAXES

The Nevada Revenue Plan, representing a compromise of the State Leader's for funding over the next two years, became effective July 1,2015, and consist of the following components:

Business License Fee

Increases Nevada's current business license to $500.00 for corporations. Unchanged for other business entities at $200.00.

Modified Business Tax (MBT)

Increases the existing quarterly MBT from 1.17% to 1.475% of payroll expenses for all business.

Commerce Tax

Creates a new industry-specific, annual levy imposed on business with Nevada-sourced adjusted gross revenue exceeding $4 million. 50% of the tax may be used as a credit against the taxpayer MBT liability. It also establishes 26 separate industry classifications, based on the NAICS codes, with a specific tax rate assigned to each code.

Because the law is new, there are many uncertainties to be resolved by future regulatory interpretation and resulting controversy. Some of these include:

  • Limitation of the $4 million exclusion to members of affiliated groups
  • Potential double taxation of subcontractor payments not covered as a deduction in the law

We pass this information on for your understanding of the cost increase.

Tax Figure

Supporting

  • Entertainment
  • Special Events
  • Industrial and Corporate Trade Shows
  • Conventions
  • Theme Parties
  • Concerts
  • Theater
  • Broadway Shows
  • Films and Movies

Providing

  • Equipment
  • Labor, Skilled and Certified
  • Payroll and Payrolling
  • Production Services
  • Rigging Gear
  • Stagehand Staffing, Short and Long Term
  • Stage Crew
  • Stage Rigging Services
  • Truss and Motors

Areas We Have Served

  • Nevada - Las Vegas, Laughlin, Henderson, Primm, Parump
  • California - Los Angeles, Anaheim, Palm Springs, Coachella Valley, Fresno, San Francisco
  • Utah - Salt Lake City
  • Texas - Corpus Christi, Dallas
  • Hawaii - Honolulu, Kona