Sign Up
SB 69 Nevada Senate · 2025 Regular Session

Revises provisions relating to economic development. (BDR 32-369)

SB 69 revises tax abatement rules for businesses in Nevada, primarily affecting large economic development projects (like data centers or $1 billion+ investments) seeking tax benefits. It requires data center applicants to disclose colocated business usage and taxable property details confidentially during audits, and mandates that project leads sign agreements with local governments to fund services (e.g., infrastructure) in economic diversification districts. The bill also specifies that agreements and related communications must remain confidential, not public records, and tightens timing rules for when tax abatements become effective. These changes aim to ensure local governments receive funding for services tied to major projects while protecting sensitive business data.
Issues: ✓ Budget & TaxesSupports Budget & TaxesRevises tax abatement rules with disclosure requirements and infrastructure funding mandates, promoting fiscal accountability in tax benefits for large projects.90% confidence
Bill status signed all 5 stages cleared
Introduction
Nov 2024
Committee Review
May 2025
Senate Passage
May 2025
Assembly Passage
May 2025
Signed into Law
Jun 2025
Introduced Nov 20, 2024 Signed Jun 5, 2025
Maddy AI version diff · 3 comparisons

What changed between versions

Reprint 2 → As Enrolled · 4 edits · Jun 5, 2025
MODERATE
This bill updates the rules for Nevada's economic development tax incentives, specifically adding a requirement that projects in 'economic diversification districts' must sign an agreement to pay for local government services. It also clarifies the timeline for when tax abatements can take effect and expands fee abatement powers to fire protection districts.
Scope change
The bill expands the scope of local government involvement by requiring agreements for projects in specific districts and extends fee abatement authority to fire protection districts.
REQUIREMENT

Projects located in an economic diversification district must now enter into an agreement with local governments to pay for services and infrastructure costs as a condition for receiving tax credits or abatements.

The Office of Economic Development must notify local governments within 15 days of receiving an application and must receive a letter of acknowledgment from them before considering the request.

TIMELINE

The effective date for partial tax abatements is now restricted to no earlier than July 1 of the fiscal year the agreement is signed, ensuring the state has time to process applications.

ELIGIBILITY

Fire protection districts are now authorized to abate permitting and licensing fees, matching the powers previously held by counties and cities.

Floor votes · Assembly May 23, 2025

How they voted

This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history

Actions timeline

Total actions
13
Key actions
6
Committee
2
Jun 5, 2025
Signed into law
Approved by the Governor.
executive
May 30, 2025
Upper · Passed
Assembly Amendment No. 693 concurred in. To enrollment.
upper
May 23, 2025
Upper · Passed
From printer. To reengrossment. Reengrossed. Second reprint. Read third time. Passed, as amended. Title approved. (Yeas: 39, Nays: 3.) To Senate. In Senate.
upper
May 22, 2025
Upper · Passed
From committee: Amend, and do pass as amended. Placed on Second Reading File. Read second time. Amended. (Amend. No. 693.) To printer.
upper
Apr 22, 2025
Upper · Passed
Read third time. Passed, as amended. Title approved, as amended. (Yeas: 17, Nays: 4.) To printer.
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. 362.) Reprinting dispensed with.
upper
Nov 20, 2024
Introduced
Prefiled. Referred to Committee on Revenue and Economic Development. To printer.
upper
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.