AN ACT relating to taxation; authorizing certain qualified businesses in this State to apply to the Office of Economic Development for a partial abatement from certain taxes imposed in connection with the development of railroad tracks, railroad spurs and other railroad-related infrastructure; prescribing certain requirements and conditions relating to the partial abatement; and providing other matters properly relating thereto.
Sponsored By: Michelee "Shelly" Cruz-Crawford (Democratic)
Failed
Personalized for You
How does this bill affect your finances?
Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
4 provisions identified: 0 benefits, 2 costs, 2 mixed.
Railroad businesses must choose between tax benefits
Beginning July 1, 2025, businesses cannot keep the railroad tax abatement and qualify for either specified low-income community business designation. This covers both qualified active low-income community business status and impact-qualified active low-income community business status. To remove this barrier, a business must waive the abatement in writing to the Office of Economic Development. Notice is due no later than the first tax payment deadline covered by the abatement. A timely waiver voids the abatement agreement; these restrictions expire June 30, 2045.
Tax-break recipients must report jobs and costs
Beginning July 1, 2025, businesses receiving covered tax abatements must report compliance to the Nevada Department of Taxation. Reports are due December 31 of every even-numbered year. They include the operating start date, jobs, average wages, fees, capital and personal property investment, and taxes paid. Businesses must also report property and sales and use taxes owed without the abatements. By January 15 of each odd-numbered year, the Department must report whether abatement costs exceed benefits for legislative review. These reporting rules expire June 30, 2045; they do not change tax-break amounts or eligibility.
Railroad businesses face refund and penalty rules
Approved railroad businesses receive a Department of Taxation document showing the sales and use tax rate to pay retailers. They can request refunds for eligible taxes paid between applying and receiving the document. Refunds also cover eligible taxes paid after receiving the document because the business failed to show it. These refunds earn no interest. Failure to show the document on at least 50% of eligible purchases, resulting in full tax payments, triggers a penalty. The penalty equals 10% of the total tax abatement and goes to affected local governments in proportion to related refunds.
Railroad tax breaks come with hiring rules
Beginning July 1, 2025, qualifying Nevada businesses can apply to the Office of Economic Development for railroad tax breaks. These reduce property taxes on qualifying railroad-use personal property, local sales and use taxes on qualifying purchases, and payroll taxes on qualifying railroad workers. Each tax break lasts no more than 10 years. Within one year of receiving eligibility, new businesses must have 10 full-time Nevada workers. Existing businesses must add 10% more full-time workers or six workers, whichever is greater. Full-time workers are permanent employees averaging at least 30 hours weekly. Businesses must invest at least $250,000 in Nevada within that year or maintain at least $5 million in Nevada personal property throughout the tax break. Average hourly pay must equal or exceed the statewide average set each July 1. By the eighth calendar quarter after the starting quarter, employers must offer all employees health insurance with dependent coverage and required benefits. Businesses must register in Nevada or commit to obtaining a business license and required local permits. They must sign an agreement within one year of applying and start the tax break between application receipt and one year after approval. Businesses and their successors must stay eligible and operate in Nevada for their agreed period, at least five years after certification. Agreements must allow tax audits and disclosure of audit reports, subject to confidentiality and trade-secret protections. Businesses that fail requirements or close early must repay the tax savings, with interest accruing monthly, unless the Nevada Tax Commission finds substantial compliance. School-support sales tax breaks need approval from at least two-thirds of the Board of Economic Development. The railroad program is exempt from the usual 10-year expiration rule for tax-break laws; the act's sections 1–11 expire June 30, 2045.
Sponsors & Cosponsors
Sponsor
Michelee "Shelly" Cruz-Crawford
Democratic • Senate
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
(No further action taken.)
6/3/2025SenateFrom printer. To engrossment. Engrossed. First reprint. To committee.
4/24/2025SenateTaken from General File. Re-referred to Committee on Finance. Exemption effective. To printer.
4/21/2025SenateRead second time. Amended. (Amend. No. 363.)
4/21/2025SenatePlaced on Second Reading File.
4/21/2025SenateFrom committee: Amend, and do pass as amended.
4/21/2025SenateNotice of eligibility for exemption.
4/1/2025SenateFrom printer. To committee.
3/18/2025SenateRead first time. Referred to Committee on Revenue and Economic Development. To printer.
3/17/2025Senate
Bill Text
As Introduced
Reprint 1
Related Bills
SB217, AN ACT relating to health care; prohibiting a governmental entity from substantially burdening certain activity relating to assisted reproduction under certain circumstances; authorizing a person whose engagement in such activity has been so burdened to assert the violation as a claim or defense in a judicial proceeding; authorizing a court to award damages against a governmental entity that substantially burdens such activity in certain circumstances; providing certain immunity from civil and criminal liability and administrative sanctions for certain persons and entities involved in the provision of assisted reproduction; providing that a fertilized egg or human embryo that exists before implantation in a human uterus is not a person for legal purposes; requiring certain health insurers to authorize a pregnant person to enroll in a health plan during a specified period; requiring certain public and private health insurers to provide certain coverage for the treatment of infertility and fertility preservation; providing a penalty; and providing other matters properly relating thereto.
AB499, AN ACT relating to elections; requiring, with certain exceptions, a registered voter show photo identification to vote in person; requiring the Department of Motor Vehicles, under certain circumstances, to issue identification cards at no charge; requiring the Secretary of State to issue digital identification cards; requiring a county clerk in certain counties to establish a certain number of locations for a voter to return his or her mail ballot to a mail ballot drop box during the period between the last day for early voting and the day before the date of the general election; authorizing a county clerk in certain counties to establish such locations; authorizing a person, under certain circumstances, to return a mail ballot to a mail ballot drop box established at such a location on behalf of a voter; requiring the Secretary of State to establish and maintain a voter services portal on the Internet website of the Office of the Secretary of State; requiring the county clerk to include certain information relating to the voter services portal on any communication to a registered voter; requiring the Department of Motor Vehicles to submit electronically to the Secretary of State certain information relating to each person who has a driver's license or identification card issued by the Department; requiring the Secretary of State to include certain information received from the Department in the centralized, top-down database that is established by the Secretary of State for purposes of creating the statewide voter registration list; requiring certain information to be included on the return envelope for a mail ballot; revising provisions relating to curing mail ballots; requiring mail ballot drop boxes to be monitored and secured; providing that certain information on the statewide voter registration list relating to a voter is confidential and not a public record; making various other changes relating to elections; making appropriations; and providing other matters properly relating thereto.
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; revising the criteria of eligibility for a waiver of fees by the Board of Regents for certain persons who are or were unaccompanied for a certain period of time; revising the criteria of eligibility for a waiver of fees by the Board of Regents for certain Native American students; providing for the continuity of waivers previously provided for certain Native American students; repealing certain provisions requiring the Chancellor of the Nevada System of Higher Education to cause to be analyzed certain natural materials upon the request of a resident of this State; and providing other matters properly relating thereto.
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 such prohibitions; and providing other matters properly relating thereto.
AB188, AN ACT relating to the Public Employees' Benefits Program; requiring the Board of the Public Employees' Benefits Program to report certain information relating to the costs of health insurance for certain retirees; revising provisions relating to the subsidy paid for certain health and welfare benefits for certain state employees who have retired with state service; revising requirements for certain retired public officers and employees to reinstate insurance under the Program; revising provisions relating to certain subsidies paid to the Program for the 2025-2027 biennium; requiring the Joint Interim Standing Committee on Government Affairs to conduct an interim study on the Program; making an appropriation; and providing other matters properly relating thereto.
SB352, AN ACT relating to health care; prohibiting certain health insurers and providers of health care from engaging in certain discriminatory actions; and providing other matters properly relating thereto.