Nevada Question 4 (2002)
From Ballotpedia
Nevada Question 4, also known as the Amendment to the Sales and Use Tax Act of 1955, was on the November 7, 2002 election ballot in Nevada. It was defeated, with 21.7% of voters in favor.
This measure is a legislatively-referred constitutional amendment.
Text of the proposal
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?
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.
