Nevada Revised Statutes
Chapter 231A - Nevada New Markets Jobs Act
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 not required to pay any additional retaliatory tax levied pursuant to NRS 680A.330 as a result of claiming that credit.
2. In addition to the exclusion in subsection 1, an entity claiming a credit under this chapter is not required to pay any other additional tax as a result of claiming that credit.
(Added to NRS by 2013, 3453)

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Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 231A - Nevada New Markets Jobs Act

NRS 231A.010 - Short title.

NRS 231A.020 - Legislative findings and declaration.

NRS 231A.030 - Definitions.

NRS 231A.040 - "Applicable percentage" defined.

NRS 231A.050 - "Credit allowance date" defined.

NRS 231A.060 - "Department" defined.

NRS 231A.070 - "Director" defined.

NRS 231A.075 - "Fresh food retailer" defined.

NRS 231A.080 - "Liability for insurance premium tax" defined.

NRS 231A.090 - "Long-term debt security" defined.

NRS 231A.100 - "Purchase price" defined.

NRS 231A.110 - "Qualified active low-income community business" defined.

NRS 231A.120 - "Qualified community development entity" defined.

NRS 231A.130 - "Qualified equity investment" defined.

NRS 231A.135 - "Qualified fresh food retailer" defined.

NRS 231A.140 - "Qualified low-income community investment" defined.

NRS 231A.145 - "Underserved community" defined.

NRS 231A.150 - Regulations.

NRS 231A.160 - Qualifications for long-term debt security.

NRS 231A.170 - Qualified active low-income community business: Qualification; limitations; exclusions.

NRS 231A.180 - Qualified community development entity: Requirement for allocation agreement; additional entities included.

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.

NRS 231A.210 - Tax credits not to be refunded or sold; allocation of tax credits to partners, members or shareholders of earning entity.

NRS 231A.220 - Limitations on relationship between insurer or affiliate and qualified community development entity.

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...

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.

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

NRS 231A.250 - Circumstances requiring recapture by Department of tax credits.

NRS 231A.260 - Recapture: Cure period; notice requirement.

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

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.

NRS 231A.290 - Entity claiming tax credit not required to pay additional taxes resulting from claim of credit.

NRS 231A.300 - Decertification of qualified equity investment: Circumstances; limitations on distribution and payment on securities by qualified community development entity; notice requirements.

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

NRS 231A.320 - Duties of Director: Annual review of qualified community development entity; report to Legislature.