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Nevada Casinos May Begin Using “Duty Comps” To Help Pay The Multi Million Dollar Tax Bill Imposed By The State
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Nevada Casinos May Begin Using “Duty Comps” To Help Pay The Multi Million Dollar Tax Bill Imposed By The State

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Las Vegas - On February 15, 2012, the Department of Taxation for State of Nevada published on its website that sales tax will begin to accrue immediately on complimentary meals (comps) given to casino …

Las Vegas - On February 15, 2012, the Department of Taxation for State of Nevada published on its website that sales tax will begin to accrue immediately on complimentary meals (comps) given to casino players. The authority for this directive was, among other things, based on NRS 372.060(3)(c).

Earlier this year the Department of Taxation began notifying Nevada casinos that they are required by law to pay sales tax on comps given to casino players and employees.

In a ground-breaking patent-pending process, Lamas may have solved the problem for casinos. “I’m sharing this with casinos in every State, that may eventually impose such tax.” The Duty-Comp has end players pay sales tax. The recipient pays, not the casino. While the idea may not be original, the process was never patented as a business method. Lamas’ idea, may be what legal experts refer to as “first to market”.

As jurisdictions nationwide look to fill budget gaps, proposals of this kind to collect sales tax may become more common, the Duty-Comp can solve the problem for casinos and help insure players aren’t denied comps’ due by casino’s wanting to reduce expenses.


ABOUT:

R.A. Lamas, a publisher and entrepreneur, figured out a way to solve the casino tax burden. For more information, please visit http://www.dutycomp.com/


CONTACT:

Randy Lamas, CEO
DutyComp.com
2375 East Tropicana Ave #156
Las Vegas, NV 89119
Email Address: rlamas_06@yahoo.com
Telephone: 702-787-4148


Keywords: Duty Comps , Nevada casinos , sales tax , first to market , casino tax

Published in: Business, Technology
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  • 1. Nevada Casinos May Begin Using “Duty Comps” To Help Pay TheMulti MillionDollar Tax Bill Imposed By The StateLas Vegas - On February 15, 2012, the Department of Taxation for State of Nevadapublished on its website that sales tax will begin to accrue immediately oncomplimentary meals (comps) given to casino players. The authority for this directivewas, among other things, based on NRS 372.060(3)(c).Earlier this year the Department of Taxation began notifying Nevada casinos thatthey are required by law to pay sales tax on comps given to casino players andemployees.In a ground-breaking patent-pending process, Lamas may have solved the problem forcasinos. “I’m sharing this with casinos in every State, that may eventually impose suchtax.” The Duty-Comp has end players pay sales tax. The recipient pays, not thecasino. While the idea may not be original, the process was never patented as abusiness method. Lamas’ idea, may be what legal experts refer to as “first to market”.As jurisdictions nationwide look to fill budget gaps, proposals of this kind to collect salestax may become more common, the Duty-Comp can solve the problem for casinos andhelp insure players aren’t denied comps’ due by casino’s wanting to reduce expenses.ABOUT:R.A. Lamas, a publisher and entrepreneur, figured out a way to solve the casino tax burden.For more information, please visit http://www.dutycomp.com/CONTACT:Randy Lamas, CEODutyComp.com2375 East Tropicana Ave #156Las Vegas, NV 89119Email Address: rlamas_06@yahoo.comTelephone: 702-787-4148Keywords: Duty Comps , Nevada casinos , sales tax , first to market , casino tax

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