November 28, 2014
CARSON CITY, Nev. (AP) - A Nevada lawmaker is pushing a bill that would insert a accountability to the state's tax abatement programs and help lawmakers make budget decisions.
Democratic Assemblyman James Healey of Las Vegas presented AB333 to the Senate Committee on Government Affairs Monday.
The proposal mandates the governor's office audit companies that receive tax abatements two and five years after the abatements go into effect.
Typically, companies promise a certain number of jobs at a minimum average salary with a minimum total investment in the state to secure tax abatements.
Healey says audits already occur but making them mandatory and public will provide more accountability. He says it will also lead to greater insight when considering abatement programs in the future.