AB243
AN ACT relating to taxation; providing partial exemptions from the property and governmental services taxes for certain Nevada Gold Star Spouses; establishing certain requirements for claiming the exemptions; requiring the maximum allowable amount of the exemptions be adjusted annually; authorizing an eligible Nevada Gold Star Spouse to direct an amount equivalent to the exemptions to certain charitable gift accounts in lieu of claiming the exemptions; providing for the reduction of the property tax exemption in certain circumstances; providing penalties; and providing other matters properly relating thereto. Close title AN ACT relating to taxation; providing partial exemptions from the property and governmental services taxes for certain Nevada Gold Star Spouses; establishing certain requirements for claiming the exemptions; requiring the maximum allowable amount of the exemptions be adjusted annually; authorizing an eligible Nevada Gold Star Spouse to direct an amount equivalent to the exemptions to certain charitable gift accounts in lieu of claiming the exemptions; providing for the reduction of the property tax exemption in certain circumstances; providing penalties; and providing other matters properly relating thereto.
Introduction Date
Monday, February 17, 2025
Primary Sponsor
View 1 Primary Sponsors Close Primary Sponsors Assemblymembe
Public exhibits
1
Support 0 · Opp 0 · Neutral 0
Auditor findings
0
recusal 0 · QPQ 0
AN ACT relating to taxation; providing partial exemptions from the property and governmental services taxes for certain
Existing law exempts from property taxes $1,000 of the assessed valuation of property, adjusted each fiscal year using the Consumer Price Index, in which a surviving spouse who is a resident of this State has an interest. (NRS 361.080) Existing law also exempts from property taxes: (1) $2,000 of the assessed valuation of property, as adjusted each fiscal year using the Consumer Price Index, in which a veteran who served on active duty under certain circumstances has an interest; and (2) $20,000 of the assessed valuation of property, as adjusted each fiscal year using the Consumer Price Index, in which a veteran with a permanent service-connected disability of 100 percent, or the surviving spouse of such a veteran, has an interest. (NRS 361.090, 361.091) Under existing law, in lieu of applying these exemptions to property taxes, the same partial exemptions may be applied to reduce the amount of governmental services tax owed by a surviving spouse, veteran, disabled veteran or surviving spouse of a veteran or disabled veteran upon the annual renewal of the registration of a vehicle. (NRS 361.1565, 371.101, 371.103, 371.104) Sections 1 and 4 of this bill, respectively, exempt from property taxes and governmental services taxes $20,000 of the assessed valuation, adjusted each fiscal year using the Consumer Price Index, of the property of a Nevada Gold Star Spouse. Sections 1 and 4 define Nevada Gold Star Spouse as the surviving spouse of a member of the Armed Forces of the United
NELIS exhibits (1 on file)
Bill text + amendments: view on NELIS →