A bill that attempts to close a tax loophole revealed by a Review-Journal investigation passed the Legislature and awaits action by Gov. Joe Lombardo.
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Proposed legislation would ensure the tax still applies if the property is transferred to a business entity that was “formed for the purpose of avoiding those taxes.”
In Nevada, the property-tax increase for one’s primary residence is a maximum of 3 percent, and the increase for other properties, including land and commercial buildings, is a max of 8 percent.
The initiative, Home Means Nevada, marks the “largest single investment in affordable housing” in state history, according to the governor’s office.
The Clark County Commission gave the green light to acquire 17 acres near the Diamond Inn Motel and the Little Church of the West wedding chapel.
Clark County commissioners approved a deal Tuesday to buy property along the south Strip near McCarran International Airport for $55 million.
Clark County commissioners introduced an ordinance to consider a development agreement with Jackie Robinson, whose arena and hotel project has been on the drawing board for years.
Las Vegas’ jobless rate has fallen below double digits for the first time since the pandemic shut off much of the economy a year ago.
Las Vegas casinos weren’t inundated with gamblers when they reopened Thursday, but a flood of guests hadn’t been expected, according to Gov. Steve Sisolak.