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SB 385

Revises provisions relating to certain transferable tax credits and certain tax abatements. (BDR 32-826)

2025 Regular Session Introduced by Robin Titus

SB 385 revises Nevada's transferable tax credits and abatements, but died in committee before substantive consideration in 2025.

(Pursuant to Joint Standing Rule No. 14.3.1, no further action allowed.)
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Bill Summary · SB 385

Legislative bill overview

SB 385 modifies Nevada's tax credit and tax abatement systems, though specific details of the revisions are not publicly available in the bill summary provided. The legislation was introduced by Senator Robin Titus and progressed through initial procedural stages before becoming ineligible for further action in April 2025.

Why is this important

Tax credits and abatements are significant fiscal tools that reduce state revenue and affect business competitiveness and economic development incentives. Changes to these provisions can impact both state budget projections and the competitive landscape for businesses seeking to relocate or expand operations in Nevada.

Potential points of contention

  • Revenue implications: Modifications to tax credits may increase or decrease foregone state revenue, affecting education and services funding
  • Business equity concerns: Alterations to abatement eligibility could advantage certain industries or companies over others, raising fairness questions
  • Implementation complexity: Tax credit and abatement systems involve administrative procedures that could become more or less burdensome depending on revisions

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

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