Provides for a partial abatement of the property taxes levied on certain residential rental dwellings. (BDR 32-1079)

Existing law provides for a partial abatement of the property taxes levied on certain residential rental dwellings if the amount of rent collected from each of the tenants does not exceed the fair market rent for the county in which the dwelling is located. (NRS 361.4724) Section 2 of this bill additionally provides for a partial abatement of the property taxes levied on certain residential rental dwellings if the owner does not impose: (1) a nonrefundable fee or additional rent related to companion animals; (2) a limitation on the total number of companion animals with which a tenant may reside, other than a limit imposed by the jurisdiction where the property is located; or (3) breed or size restrictions on companion animals, except for a prohibition against a particular companion animal that has been declared to be dangerous or vicious. Section 2 limits the combined total amount of abatements that may be provided to owners of residential rental dwellings that do not charge rent that exceeds the fair market rent for the county in which the dwelling is located and to owners of residential rental dwellings that do not impose fees, additional rent or certain restrictions on companion animals to $10 million per year. Section 1 of this bill provides that certain other abatements of property taxes do not apply if the provisions of section 2 provide for a greater abatement. Sections 3-5 of this bill make conforming changes to refer to provisions that have been renumbered by section 2.

• Duy NguyenD