Senate Bill No. 523–Committee on Taxation

(On Behalf of Washoe County)

March 22, 1999

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Referred to Committee on Taxation

 

SUMMARY—Exempts local government from paying delinquent taxes on certain property acquired for use as open-space real property. (BDR 32-557)

FISCAL NOTE: Effect on Local Government: No.

Effect on the State or on Industrial Insurance: No.

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EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted. Green numbers along left margin indicate location on the printed bill (e.g., 5-15 indicates page 5, line 15).

 

AN ACT relating to property taxes; providing that a local government is exempt from paying delinquent taxes on certain property held in trust by the county treasurer that is transferred to the local government for use as open-space real property; and providing other matters properly relating thereto.

 

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

1-1 Section 1. NRS 361.603 is hereby amended to read as follows:

1-2 361.603 1. Any local government or the University and Community

1-3 College System of Nevada may, in the manner provided in this section,

1-4 acquire property held in trust by the treasurer of the county in which the

1-5 local government or any part of the system is located by virtue of any deed

1-6 made pursuant to the provisions of this chapter.

1-7 2. Whenever any local government or the University and Community

1-8 College System of Nevada determines that a public purpose may be served

1-9 by the acquisition of the property, it may make application to the board of

1-10 county commissioners for permission to acquire the property. If the board

1-11 of county commissioners approves the application, it shall direct the county

1-12 treasurer to give notice of intent to sell to the last known owner or heirs or

1-13 devisees of the last known owner of the property in the manner provided by

1-14 law.

2-1 3. The last known owner may, within 90 days [of] after the notice,

2-2 redeem the property by paying to the treasurer the amount of the delinquent

2-3 taxes, plus penalties, interest and costs.

2-4 4. If the owner fails to redeem the property within the time allowed, the

2-5 county treasurer shall transfer the property to the local government or the

2-6 board of regents of the University of Nevada upon receiving from it the

2-7 amount of the delinquent taxes, except as otherwise provided in subsection

2-8 5.

2-9 5. If property is so transferred to a local government for street, sewer

2-10 or drainage uses , [or] for use in a program for the rehabilitation of

2-11 abandoned residential properties established by the local government

2-12 pursuant to chapter 279B of NRS, or for use as open-space real property

2-13 as designated in a city, county or regional comprehensive plan, the

2-14 delinquent taxes need not be paid.

2-15 6. As used in this section, "open-space real property" has the

2-16 meaning ascribed to it in NRS 361A.040.

2-17 Sec. 2. This act becomes effective upon passage and approval.

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