AB 77
Revises provisions governing tax abatements for certain businesses. (BDR 32-282)
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Bill overview
This bill revises the rules for businesses seeking tax abatements in Nevada. It increases the employee threshold required for a business to qualify for a significant abatement, demanding at least 500 full-time employees instead of 50. The bill also removes a restriction on expanding businesses receiving previous abatements and introduces new eligibility criteria, including incentives for businesses that create ‘import substitution jobs’ or provide specialty or rural healthcare. Reporting requirements are expanded to track these new job types, and grants for workforce training are broadened to support related programs.
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Primary sponsor
Assembly Committee on Revenue
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