Nevada Sales and Use Tax Metal Bars and Medallions Exemption, Question 4 (1990)
The Nevada Sales and Use Tax Metal Bars and Medallions Exemption Question, also known as Question 4, was a legislatively-referred state statute on the November 6, 1990 election ballot in Nevada, where it was defeated.
|Question 4 (Sales and Use Tax Metal Bars and Medallions Exemption)|
Official results via: Nevada Legislative Counsel Bureau - Research Division
Text of measure
The language that appeared on the ballot:
- Shall an exemption from sales and use taxes be provided for medallions made of gold, silver, platinum or nonprecious metals and bars made of gold, silver or platinum which are authorized by law to bear the state seal?
The language that appeared in the voter's guide:
- The proposed amendment would exempt from sales and use taxes the sale, storage, use or other consumption of medallions made of gold, silver, platinum or nonprecious metals and bars made of gold, silver or platinum which are authorized by law to bear the state seal. A "Yes" vote is a vote to exempt such medallions and bars from the sales and use taxes. A "No" vote is a vote to maintain the sales and use taxes on such medallions and bars. If the proposal is adopted, the exemption would apply to all components of the sales and use taxes. (Please see "Notes to Voters," Note No. I, on page 14.)
- FISCAL NOTE
- Fiscal Impact-Cannot Be Determined. The sales of medallions and bars as outlined in this proposal currently are not taking place in the State of Nevada. Therefore, any sales that would take place because of approval of the proposed exemption and the resulting royalties and loss of sales tax are unknown.
Notes to Voters
- NOTE NO. 1-
- Ballot Questions 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.
- Nevada's sales tax consists of three separate taxes levied at different rates on the sale and use of personal property in the state. The current total rate is 5.75 percent. The tax includes:
Tax Rate 1. The Sales and Use Tax 2.00 percent 2. The Local School Support Tax 1.5 Percent 3. The City-County Relief Tax 2.25 Percent Total 5.75 Percent
- The Sales and Use Tax may be amended or repealed only with the approval of the voters. The Local School Support Tax and the City-County Relief Tax may be amended or repealed by the legislature without the approval of the voters. For the questions on this ballot, however, the legislature has provided that the Local School Support Tax and the City-County Relief Tax will not be amended unless you approve the corresponding amendment to the Sales and Use Tax.
- Depending on its population, each county is also authorized to impose an additional tax at a rate of not less than one-quarter of 1 percent nor more than one-half of 1 percent, subject to the approval of the voters in that county. These additional taxes have, in some counties, increased the rate of the sales tax above the rate imposed statewide.
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