Nevada Administrative Code › Chapter 701A - Energy-Related Tax Incentives › GREEN BUILDINGS: ELIGIBILITY FOR PARTIAL ABATEMENT OF PROPERTY TAXES › Section 701A.260 - Submission of information regarding receipt of another abatement or exemption; designation and duties of tax abatement coordinator for building; suspension of certificate of eligibility; issuance of certificate of termination or reduction of eligibility

Current through June 11, 2024
1. After a
			 certificate of eligibility has been issued pursuant to NAC 701A.240  and until the
			 term of the abatement expires, the owner of the building or other structure to
			 which the certificate of eligibility relates shall annually, on or before the
			 anniversary date of the issuance of the certificate of eligibility, submit to the
			 Director a determination of eligibility form. Except as otherwise provided in
			 subsection 2, beginning on the second year of the abatement and until the term of
			 the abatement expires, the form must be accompanied by an energy efficiency
			 report. The form and energy efficiency report must contain such information and
			 be accompanied by such supporting documentation as the Director may require to
			 determine whether the building or other structure to which the certificate of
			 eligibility relates continues to be eligible for the partial tax abatement to
			 which the certificate of eligibility relates.
2. The energy efficiency report required by
			 subsection 1 must consist of an update and analysis by a third party comparing
			 the present energy performance of the building or other structure with the energy
			 performance documented in the original energy model, commissioning report and
			 energy audit submitted with the application for a certificate of eligibility. The
			 Director may exempt the owner of a building or other structure for which a
			 certificate of eligibility has been issued pursuant to NAC 701A.340  from the
			 requirement to submit an energy efficiency report for a project beginning with
			 the third year of the partial tax abatement if the owner can demonstrate that the
			 project has sustained or improved upon the Energy Star Rating or equivalent
			 rating that was achieved by the project at the time the partial tax abatement was
			 awarded.
3. If, after reviewing the
			 information and documentation submitted pursuant to subsection 1, the Director
			 determines that the building or other structure continues to qualify for the
			 level of certification for which the partial tax abatement was issued, the
			 Director will provide an acknowledgment of that continued qualification to the
			 owner of the building or other structure and the persons and entities described
			 in subparagraph (3) of paragraph (b) of subsection 1 of NRS 701A.110.
4. After a certificate of eligibility has been
			 issued pursuant to NAC 701A.240, the tax abatement coordinator for a building or
			 other structure to which the certificate of eligibility relates shall:
(a) Notify the Director if the building or
			 other structure is sold during the term of the partial tax abatement;
			 and
(b) Provide the buyer of the
			 building or other structure with written notice of the certificate of eligibility
			 and a copy of the statutes and regulations regarding the owner's rights and
			 responsibilities relating to the certificate of eligibility .