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Nevada REALTOR Advocate

Note from Your Lobbying Team

We just got over two big deadlines for bill introductions - nearly 400 bills were introduced in the last 10 days! With this, we now have a good idea of the policy issues that will be debated between now and sine die, as only emergency measures will be introduced going forward. We now shift our focus to hearings and amendments to the bills at hand. The next deadline is April 14, which is when bills need to pass out of the committee in their house of origin.


Cancellation of Contract by Electronic Transmission

Keith Kelley Testifies at the 2017 Nevada LegislatureAs mentioned in a previous Advocate, SB255 would allow a purchaser to cancel a contract after reviewing the CC&Rs via electronic transmission. Current law only allows a cancellation in person or by USPS mail.

The bill was heard in Senate Judiciary on March 31. Legislative Chairman Keith Kelley testified in support of this bill. NVAR Legal Counsel Tiffany Davis presented an amendment to remove section 9 of the bill, as discussions between NVAR and CAMEO (the group representing HOA management companies) did not reach a consensus on that language. However, both groups have committed to work on a solution during the interim.


Postlicensing to Be Completed Within 6 Months

As mentioned a couple of weeks ago, SB285 would change the length of time a new licensee has to complete the required postlicensing education from 1 year to 6 months.

The bill was heard by the Senate Commerce, Labor and Energy Committee on March 31. Legislative Chairman Keith Kelley testified in support of the bill. It passed out of committee earlier today and we expect it to be re-referred to the Senate Finance Committee.


Protection for Properties Destroyed by a Natural Disaster

As you know, property taxes are calculated based on the value of the land plus depreciated replacement cost of the improvements. However, if more than 10% of the improvements are replaced, it resets the replacement cost of the improvements to the new value.

When a single-family residence is partially or completely destroyed by a natural disaster (such as floods, fires, or mudslide), the resulting loss of depreciation accrued on the residence causes a severe economic hardship to the homeowner by increasing the property taxes. SB352 would provide that the necessary rebuilding of the residence not be considered a new improvement for the purpose of calculating property taxes as long as:

  • the natural disaster is declared a disaster by the Governor
  • the new residence is owner-occupied
  • the new residence is on the same parcel of property as the one that was partially or completely destroyed
  • a building permit was issued for the residence within 3 years after the partial or complete destruction of the previous residence
  • the floor area of the new residence does not exceed 110% of the floor area of the previous residence

NVAR supports this measure. The bill was heard in Senate Revenue and Economic Development on March 28.


Property Taxes Discussions

Since the beginning of session, we have seen numerous presentations and bill introductions regarding property taxes. We have already reported on some (February 17 Advocate, March 10 Advocate), and now we have another bill to talk about.

ACR7 would direct the Legislative Commission to create a committee to conduct a study concerning property taxes. The Committee would include 6 legislators, and be required to submit a report of the results of the study as well as any recommended legislation prior to the 2019 legislative session.

NVAR is monitoring this bill. It was heard in Assembly Legislative Operations and Elections on March 30.


2017 SESSION BY THE NUMBERS

The 79th Session of the Nevada Legislature began on February 6, 2017, and will adjourn sine die on June 6, 2017.

BILLS  
# of BDRs 1164
# of Senate Bills 542
# of Assembly Bills 519
Bills Tracked by NVAR 59
DEADLINES  
3/20 Bill Introductions by Legislators (204)
3/27 Bill Introductions by Committees (180)
4/14 First House Committee Passage
4/25 First House Passage
5/1 Economic Forum
5/19 Second House Committee Passage
5/2 Second House Passage
6/5 Sine Die
March 31, 2017 EDITION

In this issue:

2017 Major Investors

Investment completed as of March 29, 2017. Pledges listed for those who have invested at least $300 as of the above date.

Platinum R ($10,000+)

Jack Woodcock

Golden R ($5,000+)

Nancy Anderson
Diane Brown
Ken Gragson
Heidi Kasama
Keith Lynam
George Peek
Linda Rheinberger 

Crystal R ($2,500+)

Tom Blanchard
Rosa Herwick
Charles Kitchen
Buck Schaeffel
Chantel Tilley (pledge)
Melissa Zimbelman 

Sterling R ($1,000+)

Forrest Barbee (pledge)
Lee Barrett (pledge)
Scott Beaudry (pledge)
Chris Bishop (pledge)
Becky Blankenburg
Paul Bottari
Joe Brezny
Edee Campbell (pledge)
Janet Carpenter
Sherrie Cartinella
Betty Chan
Christina Cova-Simmons (pledge)
Cheryl Delahanty
Amber DeLillo
Todd Disbrow
Wendy DiVecchio
Kellie Flodman
Ernie Freggiaro
John Graham
Bob Hamrick
Azim Jessa
Soozi Jones-Walker (pledge)
Keith Kelley (pledge)
Joan Kuptz
Tim Kuptz
Greg Martin
Penny Mayer
Doug McIntyre
Teresa McKee
Theresa Meyer
Bobbi Miracle
Cassandra Mor
Carol Murphy
Debbie Primack
Pam Reese
Kellie Rubin
Sandee Smith (pledge)
Lillian Spencer
Brad Spires
Dave Tina, Jr.
Dave Tina Sr.
Sandy Wakefield
Cherie Williams (pledge)
Judie Woods
Julie Youngblood
Zar Zanganeh
Kamyar Zargari

Association Corporate Investors

NVAR - Platinum R
GLVAR - Platinum R 

RSAR - Crystal R
SNAR - Crystal R
SNCCIM - Crystal R 

ECAR - Sterling R
IVBOR - Sterling R


Contact NVAR

For more information, please contact:

Contact Government Affairs Directors

 

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Subscription: The Nevada REALTOR® Advocate is sent to all members accepting emails from NVAR. If you would like to unsubscribe from this newsletter, you can do so by clicking here. This newsletter is be published once a week throughout the Legislative Session and once a month during the interim. Archives of the Nevada REALTOR® Advocate are available here.

Prepared by Carrara Nevada for the Nevada Association of REALTORS®



Contributions to PSF are not deductible for federal income tax purposes. They are voluntary and used for political purposes. The amount indicated is merely a guideline. The Association will not favor or disadvantage anyone by reason of their contribution amount. You may refuse to contribute. Until PSF reaches NAR's RPAC goals, 30% of your PAC contribution is sent to National RPAC to support federal candidates and is charged against your limits under 2USC441a; 70% remains in state and a portion of this may be contributed to the Issues Mobilization Fund. After PSF reaches its RPAC goal, it may elect to retain your entire contribution for use in supporting state, and local candidates or issues. (Major donor levels may not be subject to this provision.)


This email is not a solicitation. You have an established and ongoing business relationship with the Nevada Association of REALTORS® (NVAR). NVAR's mission is to strive to enhance the success of its members while protecting private property rights and advocating for its members' interests. NVAR provides services to 15,000 REALTORS® throughout Nevada. NVAR is here to serve you - the professional REALTOR®.

NVAR Office
760 Margrave Dr, Ste 200
Reno, NV 89502
(775) 829-5911   1 800 748-5526

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