Nevada AB528 revises property tax abatements for energy-efficient buildings and structures.

Nevada AB528 amends the Green Building Rating System to allow new applications for property tax abatements for buildings and structures meeting energy efficiency standards. It revises the duration and amount of partial abatements available, requiring buildings to meet specific energy efficiency levels to qualify. The bill also mandates that buildings with connected parking obtain certain certifications. It allows for the reassignment of abatements between buildings within the same county and requires annual benchmarking reports on energy and water usage.

Nevada AB528 revises property tax abatements for energy-efficient buildings and structures.

Nevada AB528 amends the Green Building Rating System to allow new applications for property tax abatements for buildings and structures meeting energy efficiency standards. It revises the duration and amount of partial abatements available, requiring buildings to meet specific energy efficiency levels to qualify. The bill also mandates that buildings with connected parking obtain certain certifications. It allows for the reassignment of abatements between buildings within the same county and requires annual benchmarking reports on energy and water usage.