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NV AB455

Bill

Status

Failed

4/12/2025

Primary Sponsor

Alexis Hansen

Click for details

Origin

Assembly

83rd Legislature (2025)

AI Summary

  • Exempts flags, flagpoles not attached to real property, and other flag display equipment from property taxes by classifying them as household goods

  • Increases the existing $2,000 property tax exemption for qualifying veterans by adding the assessed valuation of any flagpole that is a fixture or improvement to their real property

  • Increases property tax exemptions for veterans with permanent service-connected disabilities (and their surviving spouses) by adding flagpole assessed valuation to existing exemption amounts of $10,000, $15,000, or $20,000 based on disability percentage

  • Effective date: July 1, 2025

Legislative Description

Revises provisions governing property taxes. (BDR 32-324)

Last Action

(Pursuant to Joint Standing Rule No. 14.3.1, no further action allowed.)

4/12/2025

Committee Referrals

Revenue3/17/2025

Full Bill Text

No bill text available