SB355

Nevada SB355 revises tax abatement rules for renewable energy facilities, requiring specific employee and investment criteria.

Nevada SB355 amends tax abatement provisions for certain renewable energy facilities, including those using agrivoltaics or ecovoltaics systems. The bill requires facilities to meet criteria such as employing at least 50 full-time workers during construction, with at least 50% being Nevada residents, and investing at least $10 million in state capital assets. Facilities must also pay employees at least 110% of the average statewide hourly wage. The bill mandates that the facility must operate for at least 10 years and meet eligibility requirements.