Bill Introduced to Create Nevada State HTC

Tuesday, April 18, 2017 - 11:45am

A bill to establish a state historic tax credit (HTC) was passed by the Nevada Assembly’s taxation committee and will now be heard by the entire Assembly. Nevada AB 370 would establish a transferable state HTC worth 20 percent of the qualified rehabilitation expenses that could be applied to the modified business tax, gaming license fee or insurance premium tax. It would be effective July 1.