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.”
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Nevada motorists have over $4 million in unclaimed technology fee refunds to recover from the state DMV.
“We won’t be around very much longer if they don’t change,” said the co-owner of a cultivation company in Carson City.
A joint resolution introduced on Friday would repeal Nevada’s lottery ban, which has been part of the constitution since statehood.
Advocates proposed increasing the property transfer tax to fund low-income housing during a state Senate committee meeting Tuesday.
The electric carmaker is set to receive the tax abatements over the next 20 years after members of a state workforce development board approved the proposal.