Revises provisions governing partial abatements of taxes for certain renewable energy facilities. (BDR 58-939)

SB 355 modifies tax abatement rules for renewable energy facilities in Nevada, specifically targeting projects that incorporate agrivoltaics (agricultural activities under solar panels) or ecovoltaics (conservation activities under solar panels). The bill requires that at least 36% of a facility’s total area must be devoted to these systems during the abatement period to qualify for automatic approval. This eliminates the need for the Director of Energy and county commissioners to verify that financial benefits to the state exceed tax revenue losses or that the project aligns with economic development plans. The change directly affects renewable energy developers seeking tax relief who integrate these dual-use systems, streamlining approvals for qualifying projects.