AB 447
Provides for a partial abatement of the property taxes levied on certain residential rental dwellings. (BDR 32-1079)
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- Passed Assembly
- Passed Senate
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Bill overview
This bill proposes a partial property tax abatement for certain residential rental dwellings in Nevada. Specifically, it offers a reduction in property taxes for owners who don't impose fees or restrictions on companion animals and who charge rent below the fair market rate for their county. The combined total amount of abatements available is capped at $10 million annually. The bill also makes conforming changes to existing tax laws to align with these new provisions.
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