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Bellagio Fountains and exterior with the Strip as seen from the Chateau Rooftop at Paris Las Vegas on Wednesday, Jan. 19, 2022, in Las Vegas. In 2007, not long before Las Vegas’ frenzied real estate market imploded, Nevada lawmakers approved a seemingly minor tweak to a tax law. The change ensured property owners could use a range of entities when shifting real estate to an affiliate to exempt these transactions from transfer taxes, according to an investigation by the Las Vegas Review-Journal. (L.E. Baskow/Las Vegas Review-Journal via AP)

Bellagio Fountains and exterior with the Strip as seen from the Chateau Rooftop at Paris Las Vegas on Wednesday, Jan. 19, 2022, in Las Vegas. In 2007, not long before Las Vegas’ frenzied real estate market imploded, Nevada lawmakers approved a seemingly minor tweak to a tax law. The change ensured property owners could use a range of entities when shifting real estate to an affiliate to exempt these transactions from transfer taxes, according to an investigation by the Las Vegas Review-Journal. (L.E. Baskow/Las Vegas Review-Journal via AP)

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