# Nevada SB402: AN ACT relating to taxation; authorizing under certain circumstances the governing body of a county or city to create a restoration improvement district for the purpose of a project to restore certain buildings that are at least 50 years of age; authorizing under certain circumstances the governing body of a county or city to pledge certain property tax proceeds for the costs of such a project; establishing certain requirements for contracts or agreements for construction work performed on such a project; and providing other matters properly relating thereto. Nevada SB402, AN ACT relating to taxation; authorizing under certain circumstances the governing body of a county or city to create a restoration improvement district for the purpose of a project to restore certain buildings that are at least 50 years of age; authorizing under certain circumstances the governing body of a county or city to pledge certain property tax proceeds for the costs of such a project; establishing certain requirements for contracts or agreements for construction work performed on such a project; and providing other matters properly relating thereto., is a 83rd Regular Session (2025) Senate bill sponsored by Howard Watts (Democratic), Rich DeLong (Republican), Edgar Flores (Democratic); 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-SB402-83rd2025 - As of: 2026-11-01 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Nevada SB402 - State: Nevada - Session: 83rd Regular Session (2025) - Title: AN ACT relating to taxation; authorizing under certain circumstances the governing body of a county or city to create a restoration improvement district for the purpose of a project to restore certain buildings that are at least 50 years of age; authorizing under certain circumstances the governing body of a county or city to pledge certain property tax proceeds for the costs of such a project; establishing certain requirements for contracts or agreements for construction work performed on such a project; and providing other matters properly relating thereto. - Status: failed - Chamber: Senate - Introduced: 2025-03-17 - Last action: 2025-06-03, (No further action taken.) - Sponsors: Howard Watts (Democratic), Rich DeLong (Republican), Edgar Flores (Democratic) - Cosponsors: 0 - Subjects: BDR 22-332 - Touches household money: yes - Economic provisions PRIA read: 4 ## Summary No summary available. ## Bill overview: provisions PRIA read - Nevada communities can restore older business buildings: benefit, low. Nevada counties and cities can create restoration districts by ordinance for buildings and surrounding sites within their boundaries. Buildings must be at least 50 years old and suitable for licensed business use. No business can have operated there for at least 10 years, except activity needed to… - Restoration properties face long-term gaming limits: cost, low. Before adopting the ordinance or creating the district, the municipality and developer must record a restriction with the county recorder. It bars operations requiring a nonrestricted license anywhere in the project for at least 20 years. That period starts on the later of the ordinance adoption da… - Restoration contractors must follow construction rules: cost, low. Construction work performed after a restoration district ordinance takes effect must follow Nevada's rules in NRS 338.013 through 338.090. These rules apply even when the contract or agreement was signed earlier. The local governing body, developer, contractors, and subcontractors must comply as th… - Tax growth can repay restoration developers: mixed, low. Nevada counties and cities can pledge qualifying property-tax growth to repay restoration developers through project agreements. Existing taxing agencies keep taxes based on the assessment roll in place on March 15 immediately before the ordinance takes effect. Only when district assessed value exc… ## Sponsors and cosponsors - Sponsor: Howard Watts (Democratic), House - Sponsor: Rich DeLong (Republican), House - Sponsor: Edgar Flores (Democratic), Senate ## Actions (9) - 2025-06-03: (No further action taken.) (Senate) - 2025-04-24: From printer. To engrossment. Engrossed. First reprint. To committee. (Senate) - 2025-04-21: Taken from General File. Re-referred to Committee on Finance. Exemption effective. To printer. (Senate) - 2025-04-21: Read second time. Amended. (Amend. No. 494.) (Senate) - 2025-04-21: Notice of eligibility for exemption. (Senate) - 2025-04-21: Placed on Second Reading File. (Senate) - 2025-04-21: From committee: Amend, and do pass as amended. (Senate) - 2025-03-19: From printer. To committee. (Senate) - 2025-03-17: Read first time. Referred to Committee on Government Affairs. To printer. (Senate) ## Bill text - As Introduced: [PDF](https://www.leg.state.nv.us/Session/83rd2025/Bills/SB/SB402.pdf) - Reprint 1: [PDF](https://www.leg.state.nv.us/Session/83rd2025/Bills/SB/SB402_R1.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) - SB352: AN ACT relating to health care; prohibiting certain health insurers and providers of health care from engaging in certain discriminatory actions; and providing… (vetoed) ## Sources - [As Introduced (PDF)](https://www.leg.state.nv.us/Session/83rd2025/Bills/SB/SB402.pdf) - [Reprint 1 (PDF)](https://www.leg.state.nv.us/Session/83rd2025/Bills/SB/SB402_R1.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) - [SB352: AN ACT relating to health care; prohibiting certain health insurers and provide…](https://policyrisk.com/state-bill/NV-SB352-83rd2025) - [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-SB402-83rd2025 (as of 2026-11-01).