Revises provisions relating to real property. (BDR 10-84)
SB 391 limits corporate ownership of residential properties in Nevada. It caps the annual purchase of residential units by corporations, limited-liability companies, and their affiliates at 100 units total per year, with exceptions for new construction, mobile homes, and apartment buildings. Entities must register with the Secretary of State before purchasing and submit a registration certificate to county recorders when filing deeds. The bill also requires the creation of a public registry of such entities and establishes enforcement through the Attorney General. These provisions apply to corporate entities but exclude family trust companies and housing authorities.
Bill status
failed
1 of 4 stages cleared
Introduction
Mar 2025
Committee Review
Floor Vote
Governor
Introduced Mar 17, 2025
Last action Jun 3, 2025
Maddy AI version diff · 2 comparisons
What changed between versions
Reprint 1
→
Reprint 2
·
2 edits
MINOR
The bill's reprint date was updated from April 21, 2025 to May 27, 2025, and the Legislative Counsel's Digest was slightly edited to remove the word 'making' from a description of an appropriation. Additionally, a new exemption was added for intracorporate sales or transfers of residential real property units, meaning these internal transactions are no longer subject to the bill's restrictions.
Scope change
The bill's applicability was narrowed by adding an exemption for intracorporate sales or transfers of residential real property units.
ELIGIBILITY
Added an exemption for intracorporate sales or transfers of residential real property units, excluding these transactions from the bill's requirements.
TECHNICAL
Updated the reprint date from April 21, 2025 to May 27, 2025, and removed the word 'making' from the Legislative Counsel's Digest description of an appropriation.
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
8
Key actions
4
Committee
4
May 26, 2025
Upper · Passed
From committee: Amend, and do pass as amended.
Placed on General File.
Taken from General File. Placed on General File for next legislative day.
upper
Apr 22, 2025
Upper · Passed
From printer. To engrossment. Engrossed. First reprint.
To committee.
upper
Apr 21, 2025
Upper · Passed
From committee: Amend, and do pass as amended.
Placed on Second Reading File.
Read second time. Amended. (Amend. No. 257.)
Notice of eligibility for exemption.
Taken from General File. Re-referred to Committee on Finance. Exemption effective. To printer.
upper
Mar 18, 2025
Upper · Passed
From printer. To committee.
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Dina Neal
DDemocratic
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