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Nevada Secretary of State Ross Miller is aggressively targeting businesses claiming a home-based business exemption on their Nevada Business License. Miller says the filings, which are often intentionally false, are costing the state tens of millions of dollars in unclaimed revenue and placing an unfair disadvantage on businesses that comply with the licensing regulations. As of Saturday, August 6, 2011 any business applying for a license and claiming the exemption will be required to provide specific information that will verify the business’s location as a residence and net earnings of less than $27,000 per year. Letters requesting verification are being sent to the more than 60,000 businesses already claiming the exemption, and businesses that do not respond will have their license status revoked.
Read the whole story here.
If you want to see the new exemption form which needs to be filed with Business License Exemption
