Green Building (LEED) Tax Abatements
775-687-1850, ext. 7320
Leadership in Energy and Environmental Design (LEED) is the rating system used to measure energy efficiency and other environmental attributes in buildings. The Energy Office administers the green building tax abatement program based on the LEED rating system. The program was instituted in 2007 as an incentive for business owners to improve the energy efficiency of new and existing buildings. The abatement ranges from 25 to 35 percent for 5 to 10 years depending on the building’s final LEED rating (minimum of Silver Level).
44 LEED buildings in Nevada are receiving tax abatements through this program. The buildings range in type and include new construction, core and shell, and renovation of existing buildings. A bill from the 2013 legislative session, AB33, modified the requirements, changing the eligible existing building abatement to a maximum of five years and making other modifications. The list of active green building tax abatement projects in Nevada is available here.
Our office completed and adopted
regulation R127-13 on June 23, 2013, which provides that the Green
Globes standard would be equivalent to LEED standards in determining
eligibility of a building for a partial abatement of certain property
taxes. Green Globes is a product of
the Green Building Initiative promoting practical green building
approaches to energy efficient and environmentally sustainable building
The requirements for the LEED Existing Building have changed pursuant to AB33 and AB239.
Our office adopted regulations, originally filed in draft format with the LCB as R127-13, to address these changes.
The text of AB33 can be found at: http://leg.state.nv.us/Session/77th2013/Bills/AB/AB33_EN.pdf
and the text of AB239 can be found at:http://leg.state.nv.us/Session/77th2013/Bills/AB/AB239_EN.pdf.
LEED Regulation Workshops and Agendas
LEED Regulation Workshop - January 22, 2014
LEED Notice of Intent to Act Upon a Regulation & Agenda - March 19, 2014
Original Enacting Legislation for LEED
References and Resources
Tax Abatement Applications