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Bill

AB 362

Provides for taxes on the sale or transfer of a controlling interest in an entity which possesses an interest in real property. (BDR 32-687)

2025 Regular Session Introduced by Venicia Considine

Nevada bill would tax sales/transfers of controlling interests in real property-owning entities to capture transaction value currently escaping property transfer taxes.

(Pursuant to Joint Standing Rule No. 14.3.2, no further action allowed.)
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Bill Summary · AB 362

Legislative bill overview

AB 362 proposes a tax on the sale or transfer of controlling interests in entities that own real property in Nevada. The bill would apply to transactions involving majority ownership changes in companies, partnerships, or other business structures that hold real estate assets.

Why is this important

This type of tax is designed to capture transaction value that might otherwise avoid traditional property transfer taxes by routing ownership changes through business entity transfers rather than direct property sales. It could generate state revenue but may affect business transactions, real estate investment structures, and corporate reorganizations.

Potential points of contention

  • Scope and rate uncertainty: The bill text provided doesn't specify the tax rate, exemptions, or which entity types are covered, making it difficult to assess the actual financial impact on businesses and investors
  • Economic competitiveness concerns: Nevada competitors and business groups may argue the tax discourages investment and corporate relocations to the state
  • Definition of "controlling interest": Ambiguity over what percentage ownership triggers the tax could create compliance challenges and litigation over borderline cases

Compiled from official sources — confirm details with the bill’s official record.

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