SB 257 — Revises provisions governing tax abatements for certain renewable energy facilities. (BDR 58-538)

(ReprintedSenate withBill amendmentsNo. adopted on April 19, 2023) FIRST REPRINT S.B.

257257–Senator SDaly ENATECHAPTER.......... B ILL NO .

257–SENATOR D ALY M ARCH 13, 2023 ____________ Referred to Committee on Growth and Infrastructure SUMMARY—Revises provisions governing tax abatements for certain renewable energy facilities.

(BDR 58-538) FISCAL NOTE:

Effect on Local Government:

No.

Effect on the State:

Yes.

~ EXPLANATION – Matter in bolded italics is new;

matter between brackets [omitted material] is material to be omitted.

generationExisting oflaw processauthorizes heata fromperson solarwho renewableintends energy,to locate a wholesale facility for the generation of electricity from renewable energy, a facility for the storage of energy from renewable generation or a hybrid renewable generation and energy storage facility in this State to apply to the Director of the Office of Energy within the Office of the Governor for a partial abatement of certain sales and use taxes or abatementproperty istaxes. required to submit an annual payroll report to the Office of Energy and the board of county commissioners of the county in which the facility is located.

(NRS 701A.379)701A.360) Additionally,Under existing lawlaw, requiresa the Director to adopt regulations requiring each recipient of such a partial abatementand to file annually with the Directorboard suchof informationcounty ascommissioners mayof be necessary for the Directorcounty toin determinewhich the abatement.facility isergy located.

(NRS 701A.390)701A.379) SectionsAdditionally, 1.7existing andlaw 2requires ofthe thisDirector billto requireadopt theregulations payrollrequiring reporteach andrecipient theof compliancea reportpartial abatement to befile filedannually with the OfficeDirector ofsuch Energy,information theas boardmay ofbe countynecessary commissionersfor and the Director,Director asto applicable,determine each quarter during the termcompliance of constructionthe ofrecipient awith facilitythe andeligibility annuallyrequirements atfor allthe otherpartial times.abatement.

(NRS 701A.390) Sections 1.7 and 2 of this bill require the payroll county commissioners and the Director, as applicable, each quarter during the termof of construction of a facility and annually at all other times.

-EXPLANATION *SB257_R1* – 2Matter –in THEbolded PEOPLEitalics OFis THEnew; STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

matter between brackets [omitted material] is material to be omitted.

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

or - 82nd Session (2023) – 2 – 2.

701A.300 As used in NRS 701A.300 to 701A.390, inclusive, and section 1 of this act, unless the context otherwise requires, the words and terms defined in NRS 701A.305 to 701A.345, inclusive,inclusive,s, the and section 1 of this act have the meanings ascribed to them in those sections.

Sec.

2.

NRS 701A.390 is hereby amended to read as follows:

is hereby amended to read as follows:

(b) Prescribing such requirements for an application for a partial abatement pursuant to NRS 701A.300 to 701A.390, inclusive, andandpartial section 1 of this act as will ensure that all information and other documentation necessary for the Director, in consultation with the Office of Economic Development, to make an appropriate determination is filed with the Director;

(c) Requiring each recipient of a partial abatement pursuant to NRS 701A.300 to 701A.390, inclusive, and section 1 of this act to file [annually] with the Director , quarterly during the term of - *SB257_R1* – 3 – construction of a facility and annually at all other times, such information and documentation as may be necessary for the Director to determine whether the recipient is in compliance with any eligibility requirements for the abatement;

and - 82nd Session (2023) – 3 – 2.

H~~~~~ 23 - *SB257_R1*82nd Session (2023)