Provides for taxes on the sale or transfer of a controlling interest in an entity which possesses an interest in real property. (BDR 32-687)

AB 362 is a proposed Nevada bill that imposes a tax on the sale or transfer of a controlling interest (majority ownership stake) in any entity owning real property in the state, when the property's value exceeds $100. It applies to buyers of such entity stakes (e.g., purchasing majority shares in a company that owns land), taxing them at rates similar to existing real property transfer taxes ($1.25 per $500 of value in high-population counties, $0.65 in others). The tax must be filed and paid by the buyer to county recorders within a month of the transfer, with proceeds distributed identically to current real property tax funds (e.g., to local governments, affordable housing, or state agricultural programs). The bill defines key terms like "controlling interest" and includes penalties for falsely reporting property value, but remains pending in committee as of April 2025.