Requires the Joint Interim Standing Committee on Revenue to conduct a study concerning certain changes to provisions governing taxation. (BDR S-167)
AB 457 requires certain real estate rental businesses in Nevada to be treated as a single "combined taxpayer group" for commerce tax purposes. Specifically, business entities primarily renting property in Nevada with over 50% ownership by common owners must combine their revenue under one tax calculation. This affects multi-entity real estate rental operations, changing how their commerce tax liability is determined based on total group revenue rather than individual entities. The law applies to taxable years beginning July 1, 2025, and modifies existing tax code definitions to include this grouping requirement.
Bill status
signed
all 5 stages cleared
Introduction
Mar 2025
Committee Review
May 2025
Assembly Passage
May 2025
Senate Passage
May 2025
Signed into Law
Jun 2025
Introduced Mar 17, 2025
Signed Jun 5, 2025
Maddy AI version diff · 3 comparisons
What changed between versions
Reprint 2
→
As Enrolled
·
3 edits
·
Jun 5, 2025
MINOR
The bill was finalized into law as 'As Enrolled', removing the 'Reprint' status and adding a specific requirement for the study to include how a new tax on property interests should be administered. The substantive policy content regarding the study topics and deadlines remains consistent, though the formatting was standardized to remove page markers and session headers.
Scope change
The bill's scope remains focused on requiring a study for the 2025-2026 interim regarding real estate taxation, but the final version adds a specific mandate to study the administrative methods for the proposed tax.
REQUIREMENT
Added a specific requirement for the study to examine the administration, reporting, and remittance methods for a tax on the sale of controlling interests in real property entities.
TECHNICAL
Removed 'Reprint' headers, page numbers, and session markers to finalize the text as an enacted law.
Condensed the Legislative Counsel's Digest into a single paragraph and removed line number references.
Floor votes · Assembly Apr 22, 2025
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
14
Key actions
7
Committee
3
Jun 5, 2025
Signed into law
Approved by the Governor.
executive
May 27, 2025
Lower · Passed
Senate Amendment No. 623 concurred in. To enrollment.
lower
May 22, 2025
Upper · Passed
Read third time. Passed, as amended. Title approved, as amended. (Yeas: 14, Nays: 7.) To printer.
upper
May 21, 2025
Upper · Passed
From committee: Amend, and do pass as amended.
Placed on Second Reading File.
Read second time. Amended. (Amend. No. 623.)
Reprinting dispensed with.
upper
Apr 22, 2025
Lower · Passed
From printer. To engrossment. Engrossed. First reprint.
Read third time. Passed, as amended. Title approved, as amended. (Yeas: 27, Nays: 15.) To Senate.
lower
Apr 21, 2025
Lower · Passed
From committee: Amend, and do pass as amended.
Placed on Second Reading File.
Read second time. Amended. (Amend. No. 471.)
To printer.
lower
Mar 19, 2025
Lower · Passed
From printer. To committee.
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Venicia Considine
DDemocratic
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