Motion Picture Exemption for the Nevada Business License

Recently, Nevada changed its procedure for collecting business license fees, resulting in nearly every Nevada entity paying $200 each year for a Nevada Business License. The $200 fee for the license, now due at the time of filing of the Annual List, is another added hoop to the bureaucracy of maintaining an entity in Nevada. See, $200 More Reasons To Choose Delaware Over Nevada.

Under the new law, however, Nevada corporations whose primary purpose is to create or produce “motion pictures” are exempt from fee.  “Motion pictures,” are broadly defined by NRS 231.020 as “feature films, movies made for broadcast on television and programs made for broadcast on television in episodes.” If the primary purpose of a company falls under this category, the Annual List must be filed stating the specific exemption. The Nevada Business License will then be generated at the time the Annual List is filed without the required fee.