Home/ Nevada/ Bills/ SB 10 Last action Nov 19, 2025 · Read first time. Referred to Select Committee on Jobs and Economy. To printer. From printer. To committee. From committee: Do pass. Declared an emergency measure under the Constitution. Read third time. Amended. (Amend. No. 32.) Reprinting dispensed with. Read third time. Passed, as amended. Title approved, as amended. (Yeas: 18, Nays: None, Excused: 3.) To printer. From printer. To engrossment. Engrossed. First reprint. To Assembly. In Assembly. Read first time. Declared an emergency measure under the Constitution. Read third time. Amended. (Amend. No. 35.) Dispensed with reprinting. Read third time. Lost. (Yeas: 27, Nays: 10, Excused: 5.)

SB 10 Nevada Senate · 36th (2026) Special Session

Revises provisions relating to real property. (BDR 10-38)

SB 10 limits corporate purchases of residential housing in Nevada to 1,000 units annually for large investment entities like real estate funds and corporations. It requires these entities to register with the state Securities Division, report purchases, and maintain a public database tracking annual purchases. Violations void property deeds and allow the Attorney General to enforce the law through legal action. The bill specifically targets institutional investors (excluding housing authorities and small owners), aiming to reduce speculative buying and stabilize neighborhoods.

Issues: ✓ Housing

Bill status failed 4 of 5 stages cleared

Introduction

Nov 2025

Committee Review

Nov 2025

Senate Passage

Nov 2025

Assembly Passage

Nov 2025

Governor

Introduced Nov 19, 2025 Last action Nov 19, 2025

Maddy AI version diff · 1 comparison

What changed between versions

As Introduced → Reprint 1 · 7 edits

MODERATE

The bill was amended to expand the scope of corporate real estate purchase restrictions, increase the annual purchase limit from 100 to 1,000 units, and add new investor categories including foreign corporations, multinational corporations, and pooled investment vehicles. The amendments also introduce new reporting requirements, database tracking systems, and additional enforcement mechanisms while maintaining the core purpose of limiting corporate investment in residential real property.

Scope change

The bill's scope was significantly expanded to include foreign corporations, multinational corporations, and pooled investment vehicles in addition to domestic corporations and LLCs. The annual purchase limit was increased from 100 to 1,000 units, substantially relaxing the restrictions on corporate real estate investment.

SCOPE

Added foreign corporations, multinational corporations, and pooled investment vehicles to the list of entities subject to purchase restrictions

REQUIREMENT

Increased the annual aggregate purchase limit from 100 units to 1,000 units for all covered entities

Added requirement for entities to report purchase information to Secretary of State within 10 business days after purchase completion

Added requirement for Securities Division to maintain a database tracking aggregate annual purchases by covered entities

ELIGIBILITY

Increased the exemption threshold from owning fewer than 10 units to fewer than 15 units for entities exempt from registration requirements

ENFORCEMENT

Added Section 2.5 declaring void any purchases that violate the purchase limits and authorizing nullification of improperly recorded deeds

TECHNICAL

Changed bill date from November 19, 2025 to November 18, 2025 and updated version identifier from SB10 to SB10_R1

Floor votes · Assembly Nov 19, 2025

How they voted

26–9

Passed · 5 other

Total votes 40

Nov 19, 2025

D Democratic26

26 Yea

100% Yea

R Republican14

9 Nay 5

64% Nay

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Nov 19, 2025

Assembly · Passed

Assembly Vote: pass (26-9-5)

assembly

Nov 19, 2025

Upper · Passed

Read first time. Referred to Select Committee on Jobs and Economy. To printer. From printer. To committee. From committee: Do pass. Declared an emergency measure under the Constitution. Read third time. Amended. (Amend. No. 32.) Reprinting dispensed with. Read third time. Passed, as amended. Title approved, as amended. (Yeas: 18, Nays: None, Excused: 3.) To printer. From printer. To engrossment. Engrossed. First reprint. To Assembly. In Assembly. Read first time. Declared an emergency measure

upper

1 primary · 0 co-sponsors