Collection of admission fee for exhibition of art: Conditions; reduction of exemption; payment of and credit against resulting tax.
Nev. Rev. Stat. § 361.186
in effect1. A taxpayer may collect an admission fee for the exhibition of fine art otherwise exempt from taxation pursuant to NRS 361.068 if the taxpayer offers to residents of the State of Nevada a discount of 50 percent from any admission fee charged to nonresidents. The discounted admission fee for residents must be offered at any time the exhibition is open to the public and admission fees are being charged.
2. Except as otherwise provided in subsection 5, if a taxpayer collects a fee for the exhibition of fine art otherwise exempt from taxation pursuant to NRS 361.068 , the exemption pertaining to that fine art for the fiscal year must be reduced by the net revenue derived by the taxpayer for that fiscal year. The exemption pertaining to fine art for a particular fiscal year must not be reduced below zero, regardless of the amount of the net revenue derived by the taxpayer for that fiscal year.
3. A tax resulting from the operation of this section is due with the tax otherwise due under the taxpayers first statement filed pursuant to NRS 361.265 after the 15th day of the fourth month after the end of the fiscal year in which the net revenue was received or, if no such statement is required to be filed, under a statement of the net revenue filed on or before the last day of the fourth month after the end of that fiscal year.
4. A taxpayer who is required to pay a tax resulting from the operation of this section may receive a credit against the tax for any donations made by the taxpayer to the Nevada Arts Council, the Division of Museums and History Dedicated Trust Fund established pursuant to NRS 381.0031 , a museum that provides exhibits specifically related to nature or a museum that provides exhibits specifically related to children, if the taxpayer:
(a) Made the donation before the date that either statement required pursuant to subsection 3 is due; and
(b) Provides to the county assessor documentation of the donation at the time that the taxpayer files the statement required pursuant to subsection 3.
5. For the purposes of this section:
(a) Direct costs of owning and exhibiting the fine art does not include any allocation of the general and administrative expense of a business or organization that conducts activities in addition to the operation of the facility in which the fine art is displayed, including, without limitation, an allocation of the salary and benefits of a senior executive who is responsible for the oversight of the facility in which the fine art is displayed and who has substantial responsibilities related to the other activities of the business or organization.
(b) Net revenue means the amount of the fees collected for exhibiting the fine art during that fiscal year less the following paid or made during that fiscal year:
(1) The direct costs of owning and exhibiting the fine art; and
(2) The cost of educational programs associated with the taxpayers public display of fine art, including the cost of meeting the requirements of sub-subparagraph (IV) of subparagraph (1) of paragraph (b) of subsection 4 of NRS 361.068 .
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-361.htmlFetched: 10/4/2026