Assembly Bill 621, Property Tax Abatement for Green Buildings |
Summary: In June 2007, Nevada's legislature passed Assembly Bill 621, Property Tax Abatement for Green Buildings, which amended an earlier version passed in June 2005. The bill provides for a partial abatement of property taxes for property that has a building or structure that meets or exceeds the LEED Silver rating system. For a Silver rating, the abatement is equal to 25%, for Gold, 30%, and for Platinum, 35%. To qualify for the tax abatement, LEED Silver buildings must earn at least three points for energy conservation. LEED Gold and LEED Platinum buildings must earn at least five and eight energy conservation points respectively.
Links:
- For more information on Nevada's tax incentives, please visit DSIRE.
- To peruse the text of the original bill passed in 2005, click here: Nevada Statute § 701A.110.
- To peruse the text of Assembly Bill 621, which amended § 701A.110, click here: Legislation.
- For more information on the Property Tax Abatement for Green Buildings, please visit the Nevada State Office of Energy.
Contact:
Dr. Hatice Gecol
Energy and Science Advisor to Governor
Director of Nevada State Office of Energy
Phone: (775) 684-5670
E-Mail: hgecol@gov.nv.gov
Last Updated
06/22/2009
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