Nevada Sales and Use Tax Professional Racing Equipment Exemption, Question 4 (2002)

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The Nevada Sales and Use Tax Professional Racing Equipment Exemption Question, also known as Question 4, was a legislatively-referred state statute on the November 7, 2002 election ballot in Nevada, where it was defeated.

Election results

Question 4 (Sales and Use Tax Professional Equipment Exemption)
ResultVotesPercentage
Defeatedd No373,58778.18%
Yes 104,245 21.82%

Official results via: Nevada Legislative Counsel Bureau - Research Division

Text of measure

The language that appeared on the ballot:

Shall the Sales and Use Tax Act of 1955 be amended to provide an exemption from the taxes imposed by that act on engines and chassis, including replacement parts and components for the engines and chassis, of professional racing vehicles and for certain motor vehicles used by professional racing teams or sanctioning bodies to transport certain items and facilities?[1]

The language that appeared in the voter's guide:

EXPLANATION
The proposed amendment to the Sales and Use Tax Act of 1955 would exempt from the taxes imposed by that act the sale of, furnishing or service of, and the storage, use or other consumption in this state of, engines and chassis, including replacement parts and components for the engines and chassis, of professional racing vehicles that are owned, leased or operated by professional racing teams. It would also make a similar exemption for all motor vehicles used by professional racing teams or sanctioning bodies to transport:
1. Parts or components of professional racing vehicles;
2. A business office of the racing team or sanctioning body; or
3. Any related hospitality facility.
The Legislature has already amended the Local School Support Tax Law and certain analogous taxes on retail sales to provide the same exemption.See the NOTE TO VOTERS on page ii regarding Nevada's sales tax.)[1]

Note to voters on page ii

Ballot Questions Nos. 3 and 4 relate to Nevada's sales tax. It is important that you understand this tax and the process by which it may be changed. As noted below, only a portion of this tax may be changed by you, the voter, pursuant to the attached ballot questions.
Nevada's statewide sales tax consists of three separate parts levied at different rates on the sale and use of tangible personal property in the state. The current statewide combined rate is 6.50 percent. In addition to these three parts, each country also may impose additional taxes subject to the approval of the voters or governing body in that country. These additional taxes have, in nine counties, increased the rate of the sales tax above the 6.50 percent rate imposed statewide.
The tax includes:
Tax Rate
1. The State Sales and Use Tax 2.00 percent
2. The Local School Support Tax (LSST) 2.25 percent
3. The City-County Relief Tax (CCRT) 2.25 percent
4. Optional local taxes--not more than 1.25 percent
The State Sales and Use Tax may be amended or repealed only with the approval of the voters. The Local School Support Tax (LSST) and the City-County Relief Tax (CCRT) may be amended or repealed by the Legislature without the approval of the voters.
By your "Yes" vote, Question Nos. 3 and 4 would exempt the specified items from the state 2.00 percent rate. These items previously were exempt from all other components of the sales and use tax by statute.[1]

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