Nevada Administrative Code
Chapter 76 - State Business Licenses
GENERAL PROVISIONS
Section 76.090 - Certain persons exempt from requirement to obtain state business license
Current through February 27, 2024
1. If a person, other than a natural person, has a state business license for the conduct of a business by that person, no natural person is required to obtain a state business license for any activity conducted in furtherance of that business solely because any income, tax deductions or tax credits attributable to that activity may be reported to the Internal Revenue Service as income or loss from a partnership, S corporation, estate, trust or real estate mortgage investment conduit on a Schedule E (Form 1040), Supplemental Income and Loss Form, or its equivalent or successor form.
2. If a partnership or limited-liability company has a state business license for the conduct of a business by that person, no partner or member thereof is required to obtain a state business license for any activity conducted in furtherance of that business solely because any income, tax deductions or tax credits attributable to that activity may be reported to the Internal Revenue Service as income or loss from:
3. For the purposes of this section:
Added to NAC by Sec'y of State by R080-11, eff. 3-9-2012
NRS 76.140