# Nevada AB62: AN ACT relating to taxation; revising the procedure for applying for transferable tax credits for affordable housing; revising provisions governing the transfer of transferable tax credits for affordable housing; revising provisions relating to the amount of transferable tax credits for affordable housing that may be approved; revising provisions relating to the expiration of transferable tax credits for affordable housing; and providing other matters properly relating thereto. Nevada AB62, AN ACT relating to taxation; revising the procedure for applying for transferable tax credits for affordable housing; revising provisions governing the transfer of transferable tax credits for affordable housing; revising provisions relating to the amount of transferable tax credits for affordable housing that may be approved; revising provisions relating to the expiration of transferable tax credits for affordable housing; and providing other matters properly relating thereto., is a 83rd Regular Session (2025) House bill sponsored by Assembly Committee on Revenue; status failed, last action 2025-06-03 ((No further action taken.)); PRIA reads it as touching household money (as of 2026-11-01). - Canonical: https://policyrisk.com/state-bill/NV-AB62-83rd2025 - As of: 2026-11-01 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Nevada AB62 - State: Nevada - Session: 83rd Regular Session (2025) - Title: AN ACT relating to taxation; revising the procedure for applying for transferable tax credits for affordable housing; revising provisions governing the transfer of transferable tax credits for affordable housing; revising provisions relating to the amount of transferable tax credits for affordable housing that may be approved; revising provisions relating to the expiration of transferable tax credits for affordable housing; and providing other matters properly relating thereto. - Status: failed - Chamber: House - Introduced: 2024-11-20 - Last action: 2025-06-03, (No further action taken.) - Sponsor: Assembly Committee on Revenue - Cosponsors: 0 - Subjects: BDR 32-437 - Touches household money: yes - Economic provisions PRIA read: 3 ## Summary No summary available. ## Bill overview: provisions PRIA read - More Flexibility for Housing Credit Sponsors: benefit, low. Beginning July 1, 2025, sponsors must file final housing credit applications at least 15 days before closing, down from 45. Sponsors can secure project sites through ownership or a long-term ground lease in their name. They must provide satisfactory proof that the project closed on time. Sponsors c… - Housing Credit Expiration Clock Starts Earlier: cost, low. Beginning July 1, 2025, housing credits expire four years after the Nevada Housing Division tells sponsors they will be issued. The clock starts with that notice, rather than when the credits are issued. This can leave sponsors and credit holders less time to use the credits after issuance. - More Housing Credits, With Annual Tradeoffs: mixed, low. Beginning July 1, 2025, Nevada’s total affordable-housing tax credit cap rises from $40 million to $100 million across all years. The usual annual limit remains $10 million, and unused credits can carry forward. The Nevada Housing Division can approve up to $13 million in a fiscal year when needed… ## Sponsors and cosponsors - Sponsor: Assembly Committee on Revenue ## Actions (13) - 2025-06-03: (No further action taken.) (House) - 2025-06-01: Placed on Chief Clerk's desk. (House) - 2025-06-01: Taken from General File. (House) - 2025-06-01: Placed on General File. (House) - 2025-06-01: From committee: Amend, and do pass as amended. (House) - 2025-04-03: Rereferred to Committee on Ways and Means. Exemption effective. To committee. (House) - 2025-04-03: Taken from General File. (House) - 2025-04-03: Read second time. (House) - 2025-03-31: From committee: Do pass. (House) - 2025-02-09: Notice of eligibility for exemption. (House) - 2025-02-04: Read first time. To committee. (House) - 2024-11-26: From printer. (House) - 2024-11-20: Prefiled. Referred to Committee on Revenue. To printer. (House) ## Bill text - As Introduced: [PDF](https://www.leg.state.nv.us/Session/83rd2025/Bills/AB/AB62.pdf) ## Related bills - SB217: AN ACT relating to health care; prohibiting a governmental entity from substantially burdening certain activity relating to assisted reproduction under certain… (vetoed) - AB499: AN ACT relating to elections; requiring, with certain exceptions, a registered voter show photo identification to vote in person; requiring the Department of M… (vetoed) - AB397: AN ACT relating to higher education; revising provisions governing certain waivers of fees provided by the Board of Regents of the University of Nevada; revisi… (vetoed) - AB259: AN ACT relating to health care; prohibiting certain actions related to pricing and reimbursement for certain drugs; creating a cause of action for violating su… (vetoed) - AB188: AN ACT relating to the Public Employees' Benefits Program; requiring the Board of the Public Employees' Benefits Program to report certain information relating… (vetoed) - SB502: AN ACT relating to projects of capital improvement; authorizing certain expenditures for certain projects of the Executive and Legislative Departments of the S… (signed) ## Sources - [As Introduced (PDF)](https://www.leg.state.nv.us/Session/83rd2025/Bills/AB/AB62.pdf) ## Related - [SB217: AN ACT relating to health care; prohibiting a governmental entity from substant…](https://policyrisk.com/state-bill/NV-SB217-83rd2025) - [AB499: AN ACT relating to elections; requiring, with certain exceptions, a registered…](https://policyrisk.com/state-bill/NV-AB499-83rd2025) - [AB397: AN ACT relating to higher education; revising provisions governing certain waiv…](https://policyrisk.com/state-bill/NV-AB397-83rd2025) - [AB259: AN ACT relating to health care; prohibiting certain actions related to pricing…](https://policyrisk.com/state-bill/NV-AB259-83rd2025) - [AB188: AN ACT relating to the Public Employees' Benefits Program; requiring the Board…](https://policyrisk.com/state-bill/NV-AB188-83rd2025) - [SB502: AN ACT relating to projects of capital improvement; authorizing certain expendi…](https://policyrisk.com/state-bill/NV-SB502-83rd2025) - [Nevada bills](https://policyrisk.com/states/nevada/bills) - [Nevada state hub](https://policyrisk.com/states/nevada) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/NV-AB62-83rd2025 (as of 2026-11-01).