On the last day of the 2015 legislative session, the largest tax increase in Nevada’s state history was passed by the Senate in an 18-3 vote. Republican Governor Brian Sandoval was pleased to announce the passage of the tax plan, which will bolster public education by more than a billion dollars.
Part of the increases include entity renewals with the Secretary of State. Effective July 1, 2015 all Nevada entities will pay an increased Annual List fee of $25. In addition, Corporations have an increase of $300 for the state license fee.
Previously the minimum Corporation renewal fee was $325 ($125 for Annual List of Officers and $200 for the state business license). All Corporations will now pay $325 more per year in Nevada., bringing the minimum renewal fee to $650. Any Nevada entities that are due in July and August may renew by June 30th to avoid the fee increase.
See the Nevada Secretary of State news release of 6/12/15 for verification. https://nvsos.gov/index.aspx?recordid=1823&page=23
If you or anyone you know is interested in moving an entity to Wyoming, call us at (800) 891-5987 for more information. We’ll be happy to assist you.
