"Tax increment area" means the area:
1. Whose boundaries are coterminous with those of a specially benefited zone established as provided in NRS 278C.150;
2. Specially benefited by an undertaking under this chapter;
3. Designated by ordinance as provided in NRS 278C.220; and
4. In which is located:
(a) The taxable property the assessed valuation of which is the basis for the allocation of tax proceeds to the tax increment account pursuant to paragraph (a) of subsection 1 of NRS 278C.250; and
(b) If the undertaking is a natural resources project or a rail project for which the municipality has received approval from the Interim Finance Committee pursuant to NRS 278C.157:
(1) The persons from which the tax on the sale or use of tangible personal property is the basis for the allocation of tax proceeds to the tax increment account pursuant to paragraph (b) of subsection 1 of NRS 278C.250; and
(2) The employers from which the tax imposed pursuant to NRS 363A.130 and 363B.110 is the basis for the allocation of tax proceeds to the tax increment account pursuant to paragraph (c) of subsection 1 of NRS 278C.250.
(Added to NRS by 2005, 1758; A 2015, 3198; 2015, 29th Special Session, 42)
Structure Nevada Revised Statutes
Chapter 278C - Tax Increment Areas
NRS 278C.015 - "Bond requirements" defined.
NRS 278C.020 - "Clerk" defined.
NRS 278C.030 - "Cost of the undertaking" defined.
NRS 278C.040 - "County" defined.
NRS 278C.050 - "Engineer" defined.
NRS 278C.060 - "Governing body" defined.
NRS 278C.070 - "Municipality" defined.
NRS 278C.075 - "Natural resources project" defined.
NRS 278C.080 - "Newspaper" defined.
NRS 278C.090 - "Posting" defined.
NRS 278C.100 - "Publication" and "publish" defined.
NRS 278C.105 - "Rail project" defined.
NRS 278C.110 - "Specially benefited zone" defined.
NRS 278C.120 - "Tax increment account" defined.
NRS 278C.130 - "Tax increment area" defined.
NRS 278C.140 - "Undertaking" defined.
NRS 278C.160 - Provisional order: Procedure.
NRS 278C.190 - Verification of posting of notice.
NRS 278C.200 - Publication of notice; verification of publication.
NRS 278C.210 - Actions at hearing; resolutions; complaint, protest or objection of proceedings.
NRS 278C.220 - Procedure after hearing; modification of plans; adoption of ordinance creating area.
NRS 278C.240 - Applicability to undertaking of provisions governing payment of prevailing wage.
NRS 278C.260 - Limitation upon revenue from taxes ad valorem not applicable.
NRS 278C.270 - Appeal from adverse order.
NRS 278C.280 - Securities: Issuance; types; terms; debt limitations; net pledged revenues.
NRS 278C.290 - Maturation and payment of securities.