Nevada AB77 revises tax abatement criteria for businesses, including new eligibility for import substitution jobs and specialty health care providers.
Nevada AB77 amends tax abatement provisions for businesses in the state. It expands eligibility for partial tax abatements to include businesses offering import substitution jobs and those providing specialty health care or health care in rural areas. The bill also revises criteria for businesses to qualify for abatements, such as job creation and wage requirements. Additionally, it modifies reporting requirements for businesses receiving abatements and updates definitions related to tax credits and abatements.
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