NV SB461

Creates new partial tax deductions (up to 60% of property, business, and sales/use taxes for 10 years) for "high-impact businesses" in electric battery production, clean energy/water technology, advanced manufacturing, aerospace/defense, and biotechnology/medical devices, with additional 10% deductions available for meeting criteria like higher wages, NSHE research partnerships, local hiring, and workforce development participation

Establishes transferable tax credits (up to $12 million annually until 2045) for businesses locating or expanding child care facilities in Nevada, with credits capped at 60% of qualified expenditures and priority given to areas with workforce demand or child care shortages

Creates the Community Infrastructure Grant Program to fund infrastructure projects (utilities, transportation, site preparation) and rural housing projects that support business expansion or address housing shortages, with up to 50% of funds reserved for rural housing

Requires school districts offering career and technical education to enter "talent pipeline agreements" with local businesses providing internships, apprenticeships, and career experiences for students, with grant funding available from the Workforce Innovations for a New Nevada Account

Extends transferable tax credits for qualified projects with $1 billion+ capital investments from June 30, 2025 to June 30, 2033 (up to $7.6 million per fiscal year), and expands partial property tax abatements for recycling businesses to include facilities producing biofuels from recycled materials and businesses recycling renewable energy equipment like solar panels