Large Scale Renewable Energy Property Tax Abatement (Nevada State Office of Energy)
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55% abatement for 20 years.
There are several job creation and job quality requirements that must be met in order for a project to receive an abatement. Depending on the population of the county or city where the project will be located, the project owners must:
- Employ a certain number of full-time employees during construction, a percentage of whom must be Nevada residents
- Ensure that the hourly wage paid to the facility's employees and construction workers is a certain percentage higher than the average statewide hourly wage
- Make a capital investment of a specified amount in the state of Nevada
- Provide the construction workers with health insurance that includes coverage for the worker's dependents
Note that this exemption does not apply to residential property. A facility that is owned, operated, leased or controlled by a governmental entity is also ineligible for this abatement.
This abatement has gone through revisions since its original inception. Most significantly, AB 522, signed in May 2009, raised the capacity minimum for eligible projects from 10 kilowatts (kW) to 10 MW. It also increased the abatement from 50% for 10 years to 55% for 20 years, extended it to additional technologies, and increased the qualification requirements to ensure that incentivized projects result in more high quality jobs. These changes took effect on July 1, 2009. AB 522 also created a sales and use tax abatement for renewable energy producers.
*Biomass is defined as any organic matter that is available on a renewable basis, including, without limitation, agricultural crops and agricultural wastes and residues; wood and wood wastes and residues; animal wastes; municipal wastes; and aquatic plants.