Nevada AB447 provides a partial abatement of property taxes for certain residential rental dwellings.
Nevada AB447 revises provisions governing partial abatements of property taxes for certain residential rental dwellings. It provides for a partial abatement of property taxes for owners of residential rental dwellings who do not impose fees or restrictions on companion animals. The bill limits the combined total amount of abatements to $10 million per year. It also makes conforming changes to relevant statutes and directs the Nevada Tax Commission to adopt regulations to ensure uniform and equal application of the provisions.
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