Note from the Lobbying Team
The pace in Carson City intensifies, with hearings being scheduled at night and on weekends. Legislators are working feverishly to pass bills out of committee ahead of tonight's deadline, when all bills that are not exempt must be passed out of the second house committee.
Some of the bills we are tracking have already cleared that hurdle:
- AB161 would require a disclosure advising tenants that if the lease is not notarized, it is creates a rebuttable presumption that the tenant does not have the right to occupancy. This disclosure would not be required for leases signed by real estate licensees.
- AB375 would allow a flood management authority to establish a flood control project needs committee very similar to the public school overcrowding and repair needs committee established in 2015 with SB411
- SB195 would make various changes to governance and notifications for HOAs and timeshares
- SB239 would allow an HOA to abate water or sewage leaks inside units under certain circumstances
- SB258 would authorize an HOA to send a written notice to cure an alleged violation without the imposition of a fine and would require a picture if the alleged violation is a physical condition
- SB476 would require certain HOA commissioners to reside in a unit within an HOA
The next step in the process is to have all bills passed out of the second house by Friday, May 26.
Hill Visits in Washington, D.C.
On May 18, nearly 70 Nevada REALTORS® made it to Capitol Hill in D.C. to meet with the members of our congressional delegation. We were able to meet with five members of the delegation; unfortunately, one of our Senators was called on the floor for votes at the time we had set aside to meet.
REALTORS® focused on three main issues:
- Tax reform, especially centering around the mortgage interest deduction and the impact of eliminating property tax exemptions and the importance of preserving 1031 like-kind exchanges
- Re-authorization of the National Flood Insurance Program, and the potential impact of letting the program lapse
- Overall protection of sustainable homeownership, specifically GSE reform, banning the use of guarantee fees for programs unrelated to housing, and ensuring that PACE loans are subject to consumer protection laws
Members of the Nevada congressional delegation were very responsive and appreciative of the information we brought to them. We will continue to work with all of them to continue to protect homeowners across the country.
Flat Recording Fee
AB169 would change the fee schedule to a set fee of $25 regardless of how many pages are being recorded. Currently, the cost for recording documents is $10 for the first page plus $1 for each additional page.
The measure was heard in Senate Government Affairs on May 15. Title, recorders and miners testified in support along with the REALTORS®. At this time, 23 other states either have flat recording fees or are moving to implement them. There was no opposition.
AB169 passed out of committee that same day, and passed out of the Senate unanimously on May 19. It will now go back to the Assembly for a vote on whether they concur on the amendment adopted in the Senate.
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.
|# of BDRs
|# of Senate Bills
|# of Assembly Bills
|Bills Tracked by NVAR
||Bill Introductions by Legislators (204)
||Bill Introductions by Committees (180)
||First House Committee Passage (256)
||First House Passage (16)
||Second House Committee Passage
||Second House Passage
In this issue:
2017 Major Investors
Investment completed as of May 16, 2017. Pledges listed for those who have invested at least $300 as of the above date.
Platinum R ($10,000+)
Golden R ($5,000+)
Crystal R ($2,500+)
Kevin Sigstad (pledge)
Chantel Tilley (pledge)
Sterling R ($1,000+)
Lee Barrett (pledge)
Scott Beaudry (pledge)
Chris Bishop (pledge)
Edee Campbell (pledge)
Christina Cova-Simmons (pledge)
Shawn Cunningham (pledge)
Jessica James (pledge)
Keith Kelley (pledge)
Stephen Lincoln (pledge)
Karen Marsa (pledge)
Margie McIntyre (pledge)
Kendra Murray (pledge)
Bill Process (pledge)
Sandee Smith (pledge)
Marcella Syme (pledge)
Dave Tina, Jr.
Dave Tina Sr.
Cherie Williams (pledge)
Association Corporate Investors
NVAR - Platinum R
GLVAR - Platinum R
RSAR - Crystal R
SNAR - Crystal R
SNCCIM - Crystal R
ECAR - Sterling R
IVBOR - Sterling R
For more information, please contact:
Contact Government Affairs Directors