SB 430
Revises provisions relating to taxation. (BDR 32-693)
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Sign in to take action- Introduced
- Passed Senate
- Passed Assembly
- To Governor
- Became Law
Bill overview
This bill revises Nevada’s tax laws to provide incentives for the construction of single-family residences. It authorizes the Housing Division to issue transferable tax credits and partial abatements of excise and local sales and use taxes to project sponsors undertaking such projects, provided they meet specific income requirements for future residents. The bill also includes exemptions from real property and transfer taxes for these new residences and makes conforming changes to existing tax laws. Finally, it establishes findings regarding the benefits of these exemptions.
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Primary sponsor
Senate Committee on Revenue and Economic Development
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