Nevada legislation · 83rd Legislature (2025)
Nevada AB226: Revises provisions relating to economic development. (BDR 32-690)
Status: Signed into law, June 10, 2025
What the bill says
An act relating to taxation; requiring an application for certain transferable tax credits and certain tax abatements to contain a certification that the applicant agrees to submit a community benefits agreement and collaborate with the community in which the business is located if the application is approved; and providing other matters properly relating thereto…
From the enrolled text, May 31, 2025:
AN ACT relating to taxation; requiring an application for certain transferable tax credits and certain tax abatements to contain a certification that the applicant agrees to submit a community benefits agreement and collaborate with the community in which the business is located if the application is approved; and providing other matters properly relating thereto. Legislative Counsel's Digest: Existing law authorizes the Office of Economic Development to approve transferable tax credits and abatements or partial abatements of certain property taxes, business taxes and sales and use taxes for certain businesses in certain circumstances. The Office is prohibited from approving an application for such credits or abatements unless the applicant satisfies certain criteria and has entered into an agreement with the Office establishing certain terms for the abatement. (NRS 231.1555, 274.310, 274.320, 274.330, 360.750, 360.753, 360.754, 360.759, 360.889, 360.945) Sections 1-3, 6, and 12-15 of this bill additionally require an applicant for certain transferable tax credits or a tax abatement to certify in the application for transferrable tax credits or a tax abatement, as applicable, that, if the application is approved, the business will: (1) collaborate with the community in which the business is located; and (2) submit to the Office a community benefits agreement not later than 2 years after the date on which the application is approved. Section 16 of …
Sponsors
- Erica Mosca (D, 14) · primary sponsor
Latest actions
- : Vetoed by the Governor.
- : Enrolled and delivered to Governor.
- : In Assembly. To enrollment.
- : Read third time. Passed. Title approved. (Yeas: 19, Nays: 2.) To Assembly.
- : From committee: Do pass. Placed on Second Reading File. Read second time.
- : From committee: Do pass, as amended. Placed on General File. Read third time. Passed, as amended. Title approved, as amended. (Yeas: 34, Nays: 7, Excused: 1.) To Senate. In Senate. Read first time. Referred to Committee on Revenue and Economic Development. To committee.
- : From printer. To engrossment. Engrossed. First reprint. To committee.
- : From committee: Amend, and do pass as amended. Placed on Second Reading File. Read second time. Amended. (Amend. No. 373.) Taken from General File. Rereferred to Committee on Ways and Means. Exemption effective. To printer.
- : Notice of eligibility for exemption.
- : From printer. To committee.
Votes
- Senate (1st Reprint) (May 30, 2025): 19 yea, 2 nay, passed
- Assembly (1st Reprint) (May 26, 2025): 34 yea, 7 nay, passed
Common questions
- What is AB226?
- AB226 is a bill in the Nevada Legislature (83rd Legislature (2025)): Revises provisions relating to economic development. (BDR 32-690).
- What does AB226 do?
- In its own words: An act relating to taxation; requiring an application for certain transferable tax credits and certain tax abatements to contain a certification that the applicant agrees to submit a community benefits agreement and collaborate with the community in which the business is located if the application is approved; and providing other matters properly relating thereto…
- What is the status of AB226?
- Signed into law as of June 10, 2025. Latest action: Vetoed by the Governor. (June 10, 2025).
- Who sponsored AB226?
- Erica Mosca (D, 14).
- Where is the official record for AB226?
- On the Nevada Legislature website: https://www.leg.state.nv.us/App/NELIS/REL/83rd2025/Bill/12228/Overview
Source: official Nevada record. Tracked by Delilah, AI for legislation across all 50 states and Congress.