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SB 364 Nevada Senate · 2025 Regular Session

Revises provisions relating to economic development. (BDR 32-799)

SB 364 creates a new tax abatement program specifically for businesses constructing, operating, or maintaining rail infrastructure (including tracks and spurs) in Nevada. It allows eligible businesses to receive partial reductions on property taxes, local sales taxes, or modified business taxes for up to 10 years, provided they meet requirements like paying at least the statewide average wage, increasing full-time employees, and making new capital investments. The bill also mandates audits by the Department of Taxation, requires public disclosure of audit findings under certain conditions, and includes reporting requirements for the Office of Economic Development. The program expires on June 30, 2045, as required by Nevada's Constitution.
Issues: ✓ Budget & TaxesSupports Budget & TaxesSB 364 creates tax abatements (partial tax reductions) for qualifying rail infrastructure businesses, directly providing fiscal incentives through tax relief under Budget & Taxes policy.95% confidence ✓ TransportationSupports TransportationBill provides tax abatements for rail infrastructure construction/maintenance, directly funding transportation infrastructure development per bill summary.90% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Mar 2025
Committee Review
Floor Vote
Governor
Introduced Mar 17, 2025 Last action Jun 3, 2025
Maddy AI version diff · 1 comparison

What changed between versions

As Introduced → Reprint 1 · 2 edits
MINOR
The bill text was reprinted to reflect amendments adopted on April 21, 2025. The primary changes involve updating the bill identifier from SB364 to SB364_R1 and adding a reprint header indicating the amendments. No substantive policy changes, scope modifications, or new requirements were introduced in this reprint.
TECHNICAL

Added reprint header indicating amendments adopted on April 21, 2025, and updated bill identifier to SB364_R1.

Removed original bill header and page numbering references that predated the amendments.

Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
6
Key actions
3
Committee
3
Apr 24, 2025
Upper · Passed
From printer. To engrossment. Engrossed. First reprint. To committee.
upper
Apr 21, 2025
Upper · Passed
From committee: Amend, and do pass as amended. Placed on Second Reading File. Read second time. Amended. (Amend. No. 363.) Taken from General File. Re-referred to Committee on Finance. Exemption effective. To printer.
upper
Mar 18, 2025
Upper · Passed
From printer. To committee.
upper
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.