Nev. Admin. Code § 701A.280

Current through November 8, 2024

Section 701A.280 - Duration of partial tax abatement based upon number of points awarded for energy conservation by U.S. Green Building Council or Green Building Initiative

1. If the Director issues a certificate of eligibility pursuant to NAC 701A.240 for a building or other structure that is registered with the Director as a new construction project and that meets the equivalent of the silver level or higher under the LEED Rating System, or the equivalent of the rating of Two Green Globes or higher under the Green Globes Rating System, the Director will set the duration of the partial tax abatement for the building or other structure based upon the number of points awarded by Green Business Certification Inc. or the Green Building Initiative, as applicable, for energy conservation in the Optimize Energy Performance credit or Energy Performance section under the LEED Rating System or Green Globes Rating System, as applicable, as provided in the following table:

LEED or Green Globes Certification Level	5-6 points in the Optimize Energy Performance credit category (LEED) or 28-35 points in the Energy Performance section (Green Globes)	7 points in the Optimize Energy Performance credit category (LEED) or 36-39 points in the Energy Performance section (Green Globes)	8-10 points in the Optimize Energy Performance credit category (LEED) or 40-51 points in the Energy Performance section (Green Globes)	11-12 points in the Optimize Energy Performance credit category (LEED) or 52-63 points in the Energy Performance section (Green Globes)	13-14 points in the Optimize Energy Performance credit category (LEED) or 64-75 points in the Energy Performance section (Green Globes)	15-16 points in the Optimize Energy Performance credit category (LEED) or 76-91 points in the Energy Performance section (Green Globes)	17-21 points in the Optimize Energy Performance credit category (LEED) or 92-100 points in the Energy Performance section (Green Globes)
Silver level or Two Green Globes	25 percent abatement for 3 years	25 percent abatement for 4 years	25 percent abatement for 6 years	25 percent abatement for 7 years	25 percent abatement for 8 years	25 percent abatement for 9 years	25 percent abatement for 10 years
Gold level or Three Green Globes	25 percent abatement for 3 years	30 percent abatement for 4 years	30 percent abatement for 6 years	30 percent abatement for 7 years	30 percent abatement for 8 years	30 percent abatement for 9 years	30 percent abatement for 10 years
Platinum level or Four GreenGlobes	25 percent abatement for 3 years	30 percent abatement for 4 years	30 percent abatement for 6 years	35 percent abatement for 7 years	35 percent abatement for 8 years	35 percent abatement for 9 years	35 percent abatement for 10 years

2. If the Director issues a certificate of eligibility pursuant to NAC 701A.240 for a building or other structure that registered with the Director as a project for the retrofitting or improvement of an existing building and that meets the equivalent of the silver level or higher under the LEED Rating System, or the equivalent of the rating of Two Green Globes or higher under the Green Globes Rating System, the Director will set the duration of the partial tax abatement for the building or other structure based upon the number of points awarded by Green Business Certification Inc. or the Green Building Initiative, as applicable, for energy conservation in the Optimize Energy Performance credit or Energy Consumption section under the LEED Rating System or Green Globes Rating System, as applicable, as provided in the following table:

LEED or Green Globes Certification Level	5-6 points in the Optimize Energy Performance credit category (LEED) or 40-47 points in the Energy Consumption section (Green Globes)	7-10 points in the Optimize Energy Performance credit category (LEED) or 48-55 points in the Energy Consumption section (Green Globes)	11 or more points in the Optimize Energy Performance credit category (LEED) or 56 or more points in the Energy Consumption section (Green Globes)
Silver level or Two Green Globes	25 percent abatement for 5 years	25 percent abatement for 5 years	25 percent abatement for 5 years
Gold level or Three Green Globes	25 percent abatement for 5 years	30 percent abatement for 5 years	30 percent abatement for 5 years
Platinum level or Four Green Globes	25 percent abatement for 5 years	30 percent abatement for 5 years	35 percent abatement for 5 years

Nev. Admin. Code § 701A.280

Added to NAC by Office of Energy by R116-07, eff. 12-4-2007; A by R127-13, 6-23-2014; A by R128-18A, eff. 1/30/2019

NRS 701A.110