• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Blog Home
  • Topics
    • Keystone Press Releases
    • Politics and Government
    • Legislation
    • Nevada News
    • Tourism & Gaming
    • Rural Nevada
    • Business
    • Opinion
  • Membership
  • Contact Us
  • About Keystone Nevada

Keystone Nevada Korner

Welcome to The Keystone Korner The Official Blog of Keystone Nevada

Home » Elimination of Property Tax Cap Fails to Meet Legislative Deadline

Elimination of Property Tax Cap Fails to Meet Legislative Deadline

April 23, 2023 by Courtney Holland

A total of 239 bills failed to meet first committee deadline, yet ‘zombie’ bills could surface

By Megan Barth, The Nevada Globe, April 22, 2023

A total of 239 bills failed pass the first house committee deadline on April 14, yet the next deadline is right around the corner. Bills must pass out of their house of origin by Tuesday, April 25. However, provisions from a dead bill may resurface as an amendment to a bill that is still in play. These amended bills are known as “zombie bills.”

The Nevada Realtors Association has tracked 25 out of 86 bills that failed to meet the April 14 deadline:

AB10 – Authorizes the designation of a tax increment area for certain transportation and housing reinvestment purposes.AB64 – Makes changes to civil penalties for certain violations relating to campaign finance reports.AB106 – Revises provisions governing contractors.AB111 – Prohibits certain restrictions on the display of religious items in common-interest communities.AB123 – Establishes certain requirements and restrictions relating to policies of rental obligations insurance and rental assurances agreements.AB142 – Revises provisions governing certain sales of property.AB176 – Revises provisions relating to housing.AB314 – Revises provisions governing the regulation of home-based businesses by counties, cities and towns.AB324 – Revises provisions relating to common-interest communitiesAB327 – Revises provisions governing real property.AB362 – Revises provisions governing rent increases.AB438 – Prohibits title insurers, title agents, escrow officers and certain real estate professionals from engaging in certain conduct.AB447 – Revises provisions relating to the collection of rent.AB450 – Revises provisions governing the real property transfer tax.AJR3 – Proposes to amend the Nevada Constitution to establish certain rights relating to the environment.AJR7 – Proposes to amend the Nevada Constitution to revise certain provisions relating to property taxes.SB96 – Revises provisions relating to taxation.SB122 – Revises provisions relating to crimes.SB142 – Enacts the Homeless Persons’ Bill of Rights.SB175 – Revises provisions governing common-interest communities.SB193 – Revises provisions governing the commerce tax.SB198 – Revises provisions relating to the trimming and removal of certain trees located on residential property.SB288 – Revises provisions relating to real estate.SB358 – Repeals provisions governing common-interest communities.SB374 – Revises provisions relating to property taxes.

As reported by The Globe, the Democratic majority had proposed legislation to eliminate the property tax cap, currently at 3 percent, to a nearly- tripled 8 percent.

According to the Nevada Policy Research Institute: “Among reasons the 3 percent cap was put in place years ago was to prevent individuals, particularly retirees and those on fixed incomes, from being priced out of their homes by skyrocketing property tax rates. In addition Nevada has a billion-dollar surplus and does not need to raise taxes.”

Last year, the Clark County Assessor hiked property taxes to 8 percent on many homeowners by unilaterally determining that the homeowner was a renter at that address. The “most technologically advanced” office made this financial determination if the office had not received a small, non-decript postcard from the homeowner indicating residency. Needless to say, this decision caused the assessor’s office computer and phone systems to crash due to public outcry.

In spite of record-breaking billion dollar revenues the Silver State has been enjoying, Democrats have been vying for years to eliminate the property tax cap to fund capital expenses for schools, development and education.

In their opposition statement, Keystone Corporation noted: “In short, this is an attempt to raise our property taxes during this challenging period of high inflation, high interest rates and a slow economy. As Nevadans cope with high food and gas costs, our State Government needs to be more fiscally responsible as it already has a $2 Billion budget surplus.”

Last week, the State Senate passed SB371 would allow local governments to implement ordinances to address affordable housing, including rent control. Republican Senators unanimously opposed the legislation along with Senator Skip Daly–the only Democrat voting against the measure. The bill now moves to the Assembly.

The Globe will continue to provide updates and monitor bills throughout the legislative session.

Filed Under: Legislation Tagged With: legislature, property tax cap, zombie bills

Primary Sidebar

Connect with Us

  • Facebook
  • Instagram
  • LinkedIn
  • Twitter
Bootleg Bistro
Bootleg Bistro Ad
SLLC_Keystone_Blog-Ad_300x500_10%-Off-Repairs_05.19.21
CIOServices Ad 300x500-100
BRH Keystone Ad JPEG
Willow_Manor
Keystone Corporation Nevada

News Topics

  • Keystone Press Releases
  • Politics and Government
  • Legislation
  • Nevada News
  • Tourism & Gaming
  • Rural Nevada
  • Business
  • Opinion

Rural Nevada

Weather may have slowed January sales

April 8, 2023 By Courtney Holland

By The Record Courier Staff, April 4, 2023 For the third month in a row, Douglas County merchants reported a decrease in taxable sales, though not … [Read More...] about Weather may have slowed January sales

30 new projects in Pahrump: Arby’s, Chipotle, Midas Muffler, 3 convenient stores & more

March 29, 2023 By Courtney Holland

By Robin Hebrock, Pahrump Valley Times, March 28, 2023 Business is booming in the Pahrump Valley, with dozens of new companies looking to bring … [Read More...] about 30 new projects in Pahrump: Arby’s, Chipotle, Midas Muffler, 3 convenient stores & more

UPS and AVK America plan to expand in Douglas County

March 19, 2023 By Courtney Holland

Staff Reports for The Record Courier, March 17, 2023 United Parcel Service plans to build a new 168,000 square foot building in Douglas County, … [Read More...] about UPS and AVK America plan to expand in Douglas County

Redwood Materials gets $2 billion federal loan for mega battery facility near Reno

February 12, 2023 By Pauline Lee

by Jason Hidalgo, Reno Gazette-Journal, February 9, 2023 Redwood Materials just secured a commitment from the federal government for a $2 billion … [Read More...] about Redwood Materials gets $2 billion federal loan for mega battery facility near Reno

Opinion

OPINION: The Lost Art of Negotiation In Carson City

May 30, 2023 By Courtney Holland

NV Dems to Governor Lombardo: ‘Your priorities aren’t our priorities, but here are ours, sign them’ By Megan Barth, The Nevada Globe, May 26, … [Read More...] about OPINION: The Lost Art of Negotiation In Carson City

OPINION: Don’t force taxpayers to gamble with the IRS

May 30, 2023 By Courtney Holland

By Rich Robledo, Las Vegas Sun, May 21, 2023 Every year, millions of Americans visit Las Vegas to see the sights, take in a show, and even gamble … [Read More...] about OPINION: Don’t force taxpayers to gamble with the IRS

OPINION: Bipartisanship is critical in economic development

May 30, 2023 By Courtney Holland

By Tina Quigley, The Nevada Independent, May 28th, 2023 Several months ago, a friend sent me a copy of a 50-year-old local news … [Read More...] about OPINION: Bipartisanship is critical in economic development

Tags

Adam Laxalt am post Build Back Better Business Business Columns Casinos & Gaming Catherine Cortez Masto Clark County Clark County School District COVID Department of Employment Training and Rehabilitation (DETR) Editorials Education Elon Musk employment Gov. Joe Lombardo Gov. Steve Sisolak Housing inflation Inside Gaming Joe Lombardo las vegas Local Local Las Vegas Local Nevada mc-business mc-local mc-news mc-opinion mc-sports Nevada News NPRI Opinion Opinion Columns PAID Politics and Government Real Estate Insider Roe v. Wade school choice Sports Tesla The Strip tourism Victor Joecks

Footer

Copyright © 2023 · Keystone Corporation - All Rights Reserved · Log in
Privacy Policy
By accessing this site, you are agreeing to our Terms of Use

The views, opinions and conclusions expressed by the authors of any article or post on the Keystone Korner are those of the author and do not necessarily reflect the opinions of Keystone Corporation or its officers and board members. Moreover, any reference to a person, party, product or entity does not constitute an endorsement or recommendation by Keystone Corporation or its officers and board members.