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SB 28 Nevada Senate · 2025 Regular Session

Revises provisions relating to municipalities. (BDR 22-411)

SB 28 expands the types of projects eligible for tax increment financing in Nevada municipalities. It revises the definition of "undertaking" to include affordable housing, fixed guideway projects, high-capacity transit, multi-family housing, transit-oriented development, and transportation projects. Municipalities must now locate tax increment areas within half a mile of transit stations and align with master plans, while ensuring projects promote transit use, housing, and access to jobs or education. This change directly affects cities and counties using tax increment financing to fund infrastructure, requiring new location and planning criteria for these specific project types.
Issues: ✓ Budget & TaxesSupports Budget & TaxesExpands tax increment financing eligibility for transit, housing, and job access projects, directing tax revenue toward public infrastructure development and economic goals.92% confidence ✓ HousingSupports HousingBill explicitly includes affordable housing in eligible TIF projects, directly funding housing development and promoting affordability through tax increment financing.95% confidence ✓ TransportationSupports TransportationBill explicitly includes transportation projects in tax increment financing eligibility, requires transit station proximity, and mandates transit-oriented development promotion.95% confidence
Bill status signed all 5 stages cleared
Introduction
Nov 2024
Committee Review
May 2025
Senate Passage
Apr 2025
Assembly Passage
May 2025
Signed into Law
May 2025
Introduced Nov 13, 2024 Signed May 28, 2025
Maddy AI version diff · 2 comparisons

What changed between versions

Reprint 1 → As Enrolled · 5 edits · May 28, 2025
MODERATE
This bill expands the types of projects eligible for special tax increment financing to include affordable housing, multi-family housing, and various transit-related developments. It adds specific location requirements, mandating that these new project types be situated near transit stations or within designated development zones to encourage integrated growth.
Scope change
The bill significantly broadens the scope of eligible projects from traditional infrastructure (like drainage and sewer) to include housing and transit developments, while adding stricter geographic location criteria for the new categories.
SCOPE

Added 'affordable housing project', 'multi-family housing project', 'fixed guideway project', 'high-capacity transit project', 'transit-oriented development', and 'transportation project' to the list of eligible undertakings.

REQUIREMENT

Mandated that tax increment areas for fixed guideway or high-capacity transit projects must be located within one-half mile of a station, terminal, or parking facility.

Required that tax increment areas for new project types be located in areas designated for transit-oriented development or other specific land uses in the municipal master plan.

Updated the legislative text to require governing bodies to file an exhibit demonstrating that the chosen location meets the new location and development requirements.

DEFINITION

Provided specific legal definitions for the newly added project categories, such as defining 'multi-family housing' as buildings with five or more dwelling units.

Floor votes · Assembly May 19, 2025

How they voted

This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history

Actions timeline

Total actions
12
Key actions
5
Committee
2
May 28, 2025
Signed into law
Approved by the Governor. Chapter 54.
executive
May 19, 2025
Lower · Passed
Read third time. Passed. Title approved. (Yeas: 36, Nays: 6.) To Senate. In Senate. To enrollment.
lower
May 14, 2025
Lower · Passed
From committee: Do pass.
lower
Apr 17, 2025
Upper · Passed
From printer. To engrossment. Engrossed. First reprint. Read third time. Passed, as amended. Title approved, as amended. (Yeas: 17, Nays: 4.) To Assembly.
upper
Apr 16, 2025
Upper · Passed
From committee: Amend, and do pass as amended. Placed on Second Reading File. Read second time. Amended. (Amend. No. 493.) To printer.
upper
Nov 13, 2024
Introduced
Prefiled. Referred to Committee on Government Affairs. To printer.
upper
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.