Revises provisions relating to certain reports. (BDR 26-375)
SB 10 limits corporations, foreign corporations, multinational corporations, pooled investment vehicles, and limited-liability companies (and their affiliates) to purchasing no more than 1,000 residential units in Nevada per year, with an exemption for entities owning fewer than 15 units. It requires these entities to register with the Securities Division before purchasing and report each purchase within 10 business days. The bill creates a registry and database to track these purchases, and county recorders must verify registration before recording deeds. Violations make deeds void and allow enforcement actions by the Attorney General, with the law applying to purchases completed after July 1, 2026.
Bill status
signed
all 5 stages cleared
Introduction
Oct 2024
Committee Review
May 2025
Senate Passage
Apr 2025
Assembly Passage
May 2025
Signed into Law
May 2025
Introduced Oct 29, 2024
Signed May 26, 2025
Maddy AI version diff · 1 comparison
What changed between versions
As Introduced
→
As Enrolled
·
2 edits
·
May 26, 2025
MINOR
This bill changes how the State Land Registrar reports on Lake Tahoe property transfers from quarterly to annual reports, and removes the requirement for the State Forester Firewarden to submit an annual fire prevention report to the Legislature and other officials.
Scope change
The reporting requirements for the State Land Registrar were reduced in frequency, and the State Forester Firewarden's reporting obligation was eliminated entirely.
REQUIREMENT
Changed the State Land Registrar's reporting frequency from quarterly to annual for property transfers in the Lake Tahoe Basin.
Eliminated the requirement for the State Forester Firewarden to submit an annual report on fire prevention and forest health to the Legislature, Governor, and other officials.
Floor votes · Senate Apr 15, 2025 · Assembly May 19, 2025
How they voted
20–0
Passed
Total votes 20
Apr 15, 2025
D
Democratic12
100% Yea
R
Republican8
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
16
Key actions
5
Committee
2
May 26, 2025
Signed into law
Approved by the Governor.
executive
May 19, 2025
Lower · Passed
Read third time. Passed. Title approved. (Yeas: 42, Nays: None.) To Senate.
In Senate. To enrollment.
lower
May 8, 2025
Lower · Passed
From committee: Do pass.
lower
Apr 15, 2025
Upper · Passed
Read third time. Passed. Title approved. (Yeas: 21, Nays: None.) To Assembly.
upper
Apr 10, 2025
Upper · Passed
From committee: Do pass.
upper
Oct 29, 2024
Introduced
Prefiled. Referred to Committee on Natural Resources. To printer.
upper
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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