AB 226
Revises provisions relating to economic development. (BDR 32-690)
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Sign in to take action- Introduced
- Passed Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill requires businesses seeking economic development incentives in Nevada to demonstrate a commitment to collaboration with the community where they operate and to submit a community benefits agreement within two years of receiving approval for a tax credit or abatement. It also makes these certification requirements applicable to applications submitted on or after July 1, 2025. The bill aims to ensure that economic development projects contribute positively to the communities in which they are located. Additionally, it modifies existing provisions related to partial tax abatements for new and expanded businesses, including specific requirements for employment levels and wage standards.
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