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Nevada Chapter 231A — Nevada New Markets Jobs Act

41 sections hosted, reproduced from the official public-domain source.

  • 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.155— Qualifications for impact qualified active low-income community business
  • NRS 231A.160— Qualifications for long-term debt security
  • NRS 231A.170— Qualified active low-income community business: Qualification; limitations; exclusions
  • NRS 231A.175— Use of proceeds of qualified low-income community investment to establish principal business operations in State
  • 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 or impact qualified community development entity
  • NRS 231A.230— Designation of investment or security as eligible for tax credit by qualified community development entity or impact qualified community development entity: Application requirements; duties of Department; certification of investment or security as eligible for tax credits; transferability of certified investment authority
  • NRS 231A.240— Qualified low-income community investments: 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 or impact 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 or impact qualified equity investment by qualified community development entity or impact 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 or impact qualified equity investment: Circumstances; limitations on distribution and payment on securities by qualified community development entity or impact qualified community development entity; notice requirements
  • NRS 231A.310— Qualified community development entity or impact 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 and impact qualified community development entity; report to Legislature
  • NRS 231A.0753— “Impact qualified active low-income community business” defined
  • NRS 231A.0755— “Impact qualified community development entity” defined
  • NRS 231A.0757— “Impact qualified equity investment” defined
  • NRS 231A.0953— “Principal business operations” defined