Existing law authorizes a person who intends to locate or expand a business in this State to apply to the Office of Economic Development for a partial abatement of certain property taxes, business taxes and sales and use taxes. The Office is required to approve an application for such a partial abatement if the Office determines that the business applying for the partial abatement satisfies certain criteria. (NRS 360.750) Section 2 of this bill revises one of the eligibility criteria by requiring a business that is anticipated to have at least 500 full-time employees on the payroll of the business within a certain period, rather than 50 such employees, to comply with the requirement to have a policy for paid family and medical leave for employees. Section 2 also removes a prohibition on the approval of a partial abatement for an applicant who intends to expand a business and who has already received a partial abatement for expanding that business, thereby authorizing a business to obtain a partial abatement for multiple expansions of a business. (NRS 360.750) Another eligibility criteria for a business to qualify for a partial abatement is that the business offers primary jobs, which are jobs at a business location in this State where at least half of the revenue generated at that business location is derived from exports to locations outside of this State. (NRS 360.750; NAC 231.363) Section 2 revises this determination by authorizing the approval of a partial abatement for a business that: (1) offers import substitution jobs, which are generally defined as jobs at a business location in this State where certain goods or services are manufactured, produced or sold in this State and reduce the amount of such goods or services imported into this State from outside this State; or (2) is a provider of specialty health care or a provider of health care in a rural area, except that the amount of the partial abatement is greater for such providers who are providers of services under Medicaid. Sections 1, 5 and 6 of this bill similarly expand the eligibility criteria for certain partial abatements of taxes to authorize a business to obtain such a partial abatement by offering import substitution jobs. Sections 7, 8 and 9 of this bill revise reporting requirements relating to businesses awarded partial abatements of taxes to include, in addition to information on primary jobs, information on the number of import substitution jobs, jobs with a provider of specialty health care and jobs with a provider of health care in a rural area. Section 10 of this bill expands eligibility for certain grants from the Office for workforce training programs to include programs providing training for import substitution jobs and jobs in specialty health care or health care in a rural area. Sections 2, 3 and 4 of this bill authorize the Office to deny an application for a partial abatement for a new or expanding business if the Office determines that denying the application is in the best interests of the State. Existing law authorizes the Office to approve a partial abatement from the taxes imposed on real property for a business that: (1) either engages in the primary trade of preparing, fabricating, manufacturing or otherwise processing raw material or an intermediate product using a certain percentage of recycled material or includes as a primary component a facility for the generation of electricity from recycled material; and (2) has as its primary purpose the conservation of energy or the substitution of other sources of energy for fossil sources of energy. (NRS 701A.210) Section 11 of this bill authorizes the Office to grant such a partial abatement of property taxes to a business that: (1) includes as a primary component a facility for the production of biofuels, biomass or other primary fuels from recycled material for use in the production of energy; or (2) primarily engages in the recycling or repurposing of materials that were used to produce or store renewable energy, including, without limitation, materials used in solar panels, or waste materials resulting from the extraction of minerals.

Statutes affected:
As Introduced: 360.750, 360.753, 360.754, 360.880, 360.889, 360.895, 360.975, 231.0685, 231.1467, 701A.210
BDR: 360.750, 360.753, 360.754, 360.880, 360.889, 360.895, 360.975, 231.0685, 231.1467, 701A.210