NV SB69

Projects in economic diversification districts seeking transferable tax credits or tax abatements (minimum $1 billion or $3.5 billion capital investment) must enter into agreements with local governments to make payments defraying costs of local services and infrastructure, capped at 10% of approved property and sales tax abatements

Office of Economic Development must notify counties, cities, and fire protection districts within 15 days of receiving abatement applications; local governments may designate representatives to review confidential application information under nondisclosure agreements

Property tax abatement effective dates cannot begin earlier than July 1 of the fiscal year in which the Office executes the agreement with the lead participant

Fire protection districts are authorized to grant abatements of permitting and licensing fees for qualified project participants, expanding authority previously limited to cities and counties

Records and communications between project lead participants and local governments during agreement negotiations are confidential and exempt from public records requirements, though final approval meetings must comply with open meeting law