Nevada Revised Statutes
Chapter 231A - Nevada New Markets Jobs Act

NRS 231A.010 - Short title. - The provisions of this chapter may be cited as the...

NRS 231A.020 - Legislative findings and declaration. - The Legislature hereby finds and declares that: 1. The purpose...

NRS 231A.030 - Definitions. - As used in this chapter, unless the context otherwise requires,...

NRS 231A.040 - "Applicable percentage" defined. - "Applicable percentage" means 0 percent for the first two credit...

NRS 231A.050 - "Credit allowance date" defined. - "Credit allowance date" means, with respect to any qualified equity...

NRS 231A.060 - "Department" defined. - "Department" means the Department of Business and Industry. (Added to...

NRS 231A.070 - "Director" defined. - "Director" means the Director of the Department. (Added to NRS...

NRS 231A.075 - "Fresh food retailer" defined. - 1. "Fresh food retailer" means a retail establishment, whether organized...

NRS 231A.080 - "Liability for insurance premium tax" defined. - "Liability for insurance premium tax" means any liability incurred by...

NRS 231A.090 - "Long-term debt security" defined. - "Long-term debt security" means any debt instrument which qualifies as...

NRS 231A.100 - "Purchase price" defined. - "Purchase price" means the amount paid to the issuer of...

NRS 231A.110 - "Qualified active low-income community business" defined. - 1. "Qualified active low-income community business" has the meaning ascribed...

NRS 231A.120 - "Qualified community development entity" defined. - "Qualified community development entity" has the meaning ascribed to it...

NRS 231A.130 - "Qualified equity investment" defined. - 1. "Qualified equity investment" means any equity investment in, or...

NRS 231A.135 - "Qualified fresh food retailer" defined. - "Qualified fresh food retailer" means a business that is: 1....

NRS 231A.140 - "Qualified low-income community investment" defined. - "Qualified low-income community investment" means any capital or equity investment...

NRS 231A.145 - "Underserved community" defined. - "Underserved community" means a census tract determined to be an...

NRS 231A.150 - Regulations. - The Director may adopt regulations to carry out the provisions...

NRS 231A.160 - Qualifications for long-term debt security. - To qualify as long-term debt security, a debt instrument must...

NRS 231A.170 - Qualified active low-income community business: Qualification; limitations; exclusions. - 1. For the purpose of NRS 231A.110, a qualified active...

NRS 231A.180 - Qualified community development entity: Requirement for allocation agreement; additional entities included. - For the purpose of NRS 231A.120, a qualified community development...

NRS 231A.200 - Vested right to credit against insurance premium tax liability: Use of credit; maximum yearly amount of credit; amount of credit that may carry forward to subsequent year. - An entity that makes a qualified equity investment earns a...

NRS 231A.210 - Tax credits not to be refunded or sold; allocation of tax credits to partners, members or shareholders of earning entity. - No tax credit claimed under this chapter may be refunded...

NRS 231A.220 - Limitations on relationship between insurer or affiliate and qualified community development entity. - 1. An insurer or an affiliate of an insurer may...

NRS 231A.230 - Designation of investment or security as eligible for tax credit by qualified community development entity: Application requirements; duties of Department; certification of investment or security as eligible for tax credits; transferab... - 1. A qualified community development entity that seeks to have...

NRS 231A.240 - Use of qualified equity investments by qualified entity: Percentage required to be invested in severely distressed census tracts; reduction in required percentage by Director; refinancing of investments. - 1. A qualified community development entity which issues qualified equity...

NRS 231A.245 - Qualified low-income community investments: Investments from more than one qualified community development entity; use of certain money for investments. - 1. A qualified community development entity may make a qualified...

NRS 231A.250 - Circumstances requiring recapture by Department of tax credits. - Except as otherwise provided in NRS 231A.260, the Department shall...

NRS 231A.260 - Recapture: Cure period; notice requirement. - Enforcement of each of the recapture provisions set forth in...

NRS 231A.270 - Designation of investment or security as qualified equity investment by qualified community development entity: Fee. - 1. A qualified community development entity that seeks to have...

NRS 231A.280 - Department to issue letter rulings regarding tax credits: Requirements for letter rulings; letter rulings binding on Department, agents or successors until tax credits claimed. - 1. The Department shall issue letter rulings regarding the tax...

NRS 231A.290 - Entity claiming tax credit not required to pay additional taxes resulting from claim of credit. - 1. An entity claiming a credit under this chapter is...

NRS 231A.300 - Decertification of qualified equity investment: Circumstances; limitations on distribution and payment on securities by qualified community development entity; notice requirements. - 1. Once certified under subsection 3 of NRS 231A.230, a...

NRS 231A.310 - Qualified community development entity not entitled to pay to affiliates fees in connection with qualified investments before decertification. - A qualified community development entity is not entitled to pay...

NRS 231A.320 - Duties of Director: Annual review of qualified community development entity; report to Legislature. - 1. The Director shall conduct an annual review of each...