# Nevada SB461: AN ACT relating to economic development; revising provisions governing abatements of certain taxes and transferable tax credits for certain businesses; authorizing the Office of Economic Development to approve a partial deduction of certain taxes for a person who intends to locate or expand a high-impact business in this State; authorizing the Board of Economic Development to deny an application for an abatement, deduction or transferable tax credits under certain circumstances; authorizing the Office to issue transferable tax credits for the location or expansion of a child care facility in this State; creating the Community Infrastructure Grant Program; revising provisions governing the State Plan for Economic Development; revising provisions governing programs of workforce recruitment, assessment and training; requiring the Office of Economic Development and the Department of Employment, Training and Rehabilitation to establish a program to reimburse certain expenses of certain students of the Nevada System of Higher Education; providing for the establishment of a program to provide stipends to certain employers whose employees teach in programs of career and technical education; revising provisions governing programs of career and technical education; authorizing businesses that recycle certain materials or produce certain fuels from recycled materials to apply to the Office for a partial abatement of certain taxes; and providing other matters properly relating thereto. Nevada SB461, AN ACT relating to economic development; revising provisions governing abatements of certain taxes and transferable tax credits for certain businesses; authorizing the Office of Economic Development to approve a partial deduction of certain taxes for a person who intends to locate or expand a high-impact business in this State; authorizing the Board of Economic Development to deny an application for an abatement, deduction or transferable tax credits under certain circumstances; authorizing the Office to issue transferable tax credits for the location or expansion of a child care facility in this State; creating the Community Infrastructure Grant Program; revising provisions governing the State Plan for Economic Development; revising provisions governing programs of workforce recruitment, assessment and training; requiring the Office of Economic Development and the Department of Employment, Training and Rehabilitation to establish a program to reimburse certain expenses of certain students of the Nevada System of Higher Education; providing for the establishment of a program to provide stipends to certain employers whose employees teach in programs of career and technical education; revising provisions governing programs of career and technical education; authorizing businesses that recycle certain materials or produce certain fuels from recycled materials to apply to the Office for a partial abatement of certain taxes; and providing other matters properly relating thereto., is a 83rd Regular Session (2025) Senate bill sponsored by Senate Committee on Revenue and Economic Development; 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-SB461-83rd2025 - As of: 2026-11-01 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Nevada SB461 - State: Nevada - Session: 83rd Regular Session (2025) - Title: AN ACT relating to economic development; revising provisions governing abatements of certain taxes and transferable tax credits for certain businesses; authorizing the Office of Economic Development to approve a partial deduction of certain taxes for a person who intends to locate or expand a high-impact business in this State; authorizing the Board of Economic Development to deny an application for an abatement, deduction or transferable tax credits under certain circumstances; authorizing the Office to issue transferable tax credits for the location or expansion of a child care facility in this State; creating the Community Infrastructure Grant Program; revising provisions governing the State Plan for Economic Development; revising provisions governing programs of workforce recruitment, assessment and training; requiring the Office of Economic Development and the Department of Employment, Training and Rehabilitation to establish a program to reimburse certain expenses of certain students of the Nevada System of Higher Education; providing for the establishment of a program to provide stipends to certain employers whose employees teach in programs of career and technical education; revising provisions governing programs of career and technical education; authorizing businesses that recycle certain materials or produce certain fuels from recycled materials to apply to the Office for a partial abatement of certain taxes; and providing other matters properly relating thereto. - Status: failed - Chamber: Senate - Introduced: 2025-04-30 - Last action: 2025-06-03, (No further action taken.) - Sponsor: Senate Committee on Revenue and Economic Development - Cosponsors: 0 - Subjects: BDR 32-1070 - Touches household money: yes - Economic provisions PRIA read: 18 ## Summary No summary available. ## Bill overview: provisions PRIA read - Tax-supported employers must offer worker benefits: benefit, medium. Covered partial-tax-abatement applicants must offer all employees a health plan with dependent coverage by the eighth calendar quarter. Plans must meet state minimum standards. Applicants reaching 50 full-time employees by that quarter, or earlier, must maintain paid family and medical leave. Worke… - Students gain school-to-work training partnerships: benefit, medium. School districts offering career and technical education must partner with local businesses that meet state eligibility standards. Programs must include annual career experiences, counseling, work-based learning, and internships or apprenticeships that can be paid or unpaid. Businesses must priorit… - Businesses gain more tax break access: benefit, medium. Businesses expanding in Nevada can apply for partial reductions in local sales and use taxes where they expand. This local-tax option excludes taxes under the Sales and Use Tax Act and the Local School Support Tax Law. Businesses can also seek another partial tax break in a county where they alread… - Businesses must choose between incentive programs: cost, medium. Businesses receiving specified abatements or the new high-impact deduction cannot keep them and qualify for the covered low-income community investment categories. To preserve eligibility, they must waive the tax break and notify the economic development office by the first affected tax-payment dea… - Low wages limit business tax breaks: cost, medium. Nevada cannot approve covered tax abatements when proposed average hourly wages fall below the applicable floor. With county unemployment at least 7%, that floor is 70% of the statewide average; otherwise it is 85%. For certain applications, personal property and specified business-tax abatements a… - Tax-break recipients face reports and audits: cost, low. Covered tax-break claimants must document compliance within 30 days after every calendar quarter when they claim an incentive. Applicable sales-tax reports also serve as returns and must include unremitted tax still owed. Covered recipients must report operations, workers, wages, taxes, fees, and i… - Trade students get repayable college help: mixed, high. Nevada creates expense reimbursement for trade-related undergraduate degrees or certificates at Nevada System of Higher Education institutions. Applicants must have completed a school-district career and technical education program and be current or former system students. Covered expenses include… - Child care projects gain capped credits: mixed, high. Licensed child care projects in areas with critical workforce demand or scarce child care can receive transferable tax credits. Credits cover up to 60% of audited land, construction, equipment, and start-up costs, with approvals capped at $12 million yearly. Recipients and transferees together can… - Business tax refunds carry certificate penalties: mixed, medium. Businesses entitled to sales and use tax relief can request refunds for eligible purchases taxed in full. This includes purchases made before receiving a certificate or without presenting it. A penalty applies when failure to present the certificate caused full tax payments on at least 50% of eligi… - Employers gain help for worker teaching: mixed, low. The law establishes employer stipends for employees teaching career and technical education courses, subject to available workforce-department funding. Stipends reimburse up to 120 teaching hours yearly at a fixed rate set by the State Board. Employees must hold the proper teaching license, and emp… - Communities gain infrastructure and housing grants: mixed, low. Nevada creates competitive grants for infrastructure supporting business relocation or expansion and projects addressing critical rural housing shortages. Applicants include local governments, regional development authorities helping businesses, and entities with local-government agreements for rur… - Nevada targets industries and qualifying jobs: mixed, low. Nevada must update its economic development plan at least every two years and target high-impact industries and reduced reliance on imports. Covered incentive programs count permanent jobs at physical Nevada locations averaging at least 30 work hours weekly. A location qualifies if at least half it… - Workforce applicants face revised planning rules: mixed, low. Applicants and businesses in approved workforce programs must use a state-approved workforce development plan instead of a workforce diversity plan. Applications must project jobs in the state plan's target industries and their wages, rather than only primary jobs. Beginning July 1, 2025, the law r… - Business incentives face broader state review: mixed, low. Nevada's economic development board can deny, reduce, or condition incentives that are not in the state's best interests. It can consider water use, economic and social goals, environmental effects, community impacts, and financial stability. Before considering partial abatements, the economic deve… - Business project credits continue with caps: mixed, low. Nevada can approve transferable credits for qualified projects through June 30, 2033. Approvals are limited to $7.6 million per fiscal year and $38 million statewide overall. Unused annual approval authority can carry forward through June 30, 2033. Each credit expires four years after issuance to t… - Business tax savings come with commitments: mixed, low. Nevada offers selected high-impact industries a 10% tax deduction, with 10-percentage-point bonuses for wages, training, college partnerships, resident hiring, health premiums, housing, and development choices. The deduction lasts up to 10 years, is capped at 60% annually and overall, and expires J… - Businesses get targeted investment tax breaks: mixed, low. Approved high-impact businesses can get personal property, business, and eligible equipment sales-tax deductions lasting 1 to 10 years. New businesses must invest within two years and keep that investment at the location for at least five years. In counties with at least 100,000 people or cities wi… - Recycling businesses gain limited property-tax relief: mixed, low. Beginning July 1, 2033, certified recycling and recycled-material energy or fuel businesses can receive real property tax relief. Eligible activities include processing with at least 50% recycled on-site, qualifying recycled-material energy or fuel facilities, and renewable-energy material recyclin… ## Sponsors and cosponsors - Sponsor: Senate Committee on Revenue and Economic Development ## Actions (5) - 2025-06-03: (No further action taken.) (Senate) - 2025-05-01: From printer. To committee. (Senate) - 2025-04-30: To printer. (Senate) - 2025-04-30: Waiver granted effective: March 20, 2025. (Senate) - 2025-04-30: Read first time. Referred to Committee on Revenue and Economic Development. (Senate) ## Bill text - As Introduced: [PDF](https://www.leg.state.nv.us/Session/83rd2025/Bills/SB/SB461.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) - SB460: AN ACT relating to education; revising provisions governing plans to improve academic achievement; providing for the waiver of certain reporting requirements;… (signed) ## Sources - [As Introduced (PDF)](https://www.leg.state.nv.us/Session/83rd2025/Bills/SB/SB461.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) - [SB460: AN ACT relating to education; revising provisions governing plans to improve ac…](https://policyrisk.com/state-bill/NV-SB460-83rd2025) - [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-SB461-83rd2025 (as of 2026-11-01).