It was the latest high-priced deal in Las Vegas that did not produce transfer tax revenue that supports schools and low-income housing in Nevada.
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Complex transactions without transfer taxes frequently cite an exemption allowed under state law for entities that transfer property to a subsidiary.
An estimated 9.6 percent of the Las Vegas area’s workforce was unemployed last month, compared with 6.1 percent nationally.
Some of the new or expected developments in west Henderson also have landed government-approved cost savings along the way, fetching tax breaks and discounted land.