reglab/housing_qa huggingface dataset:
NV Rev Stat § 360.850 (2021)
2021 Nevada Revised Statutes|Chapter 360 - General Provisions|NRS 360.850 - Distribution of money pledged pursuant to NRS 271.650; distribution and use of excess amounts; adoption of regulations by Nevada Tax Commission for collection and distribution of pledged money. [Effective through June 30, 2021.]

  1. The State Controller, acting upon the collection data furnished by the Department, shall remit to the governing body of a municipality that adopts an assessment ordinance in accordance with NRS 271.650 in the manner provided pursuant to an agreement made pursuant to NRS 271.660:  (a) From the State General Fund, the amount of money pledged pursuant to the ordinance in accordance with paragraph (a) of subsection 1 of NRS 271.650 which amount is hereby appropriated for that purpose; and  (b) From the Sales and Use Tax Account in the State General Fund, the amount of the proceeds pledged pursuant to the ordinance in accordance with paragraphs (b) and (c) of subsection 1 of NRS 271.650.  2. The governing body of a municipality that adopts an assessment ordinance in accordance with NRS 271.650 shall promptly remit to the State Controller any amount received pursuant to this section in excess of the amount required to carry out the provisions of NRS 271.4315 with regard to the project for which the assessment ordinance was adopted. The State Controller shall deposit any money received from a governing body of a municipality pursuant to this subsection in the appropriate account in the State General Fund for distribution and use as if the money had not been pledged pursuant to an assessment ordinance adopted in accordance with NRS 271.650 in the following order of priority:  (a) First, to the credit of the county school district fund for the county in which the improvement district is located to the extent that the money would have been transferred to that fund, if not for the pledge of the money pursuant to the assessment ordinance, pursuant to paragraph (e) of subsection 3 of NRS 374.785 for the fiscal year in which the State Controller receives the money;  (b) Second, to the State General Fund to the extent that the money would not have been appropriated, if not for the pledge of the money pursuant to the assessment ordinance, pursuant to paragraph (a) of subsection 1 for the fiscal year in which the State Controller receives the money; and  (c) Third, to the credit of any other funds and accounts to which the money would have been distributed, if not for the pledge of the money pursuant to the assessment ordinance, for the fiscal year in which the State Controller receives the money.  3. The Nevada Tax Commission may adopt such regulations as it deems appropriate to ensure the proper collection and distribution of any money pledged pursuant to an assessment ordinance adopted in accordance with NRS 271.650.  (Added to NRS by 2003, 2937; A 2009, 2083)
NV Rev Stat § 360.850 (2021)
2021 Nevada Revised Statutes|Chapter 360 - General Provisions|NRS 360.850 - Distribution of money pledged pursuant to NRS 271.650; distribution and use of excess amounts; adoption of regulations by Nevada Tax Commission for collection and distribution of pledged money. [Effective July 1, 2021.]

  1. The State Controller, acting upon the collection data furnished by the Department, shall remit to the governing body of a municipality that adopts an assessment ordinance in accordance with NRS 271.650 in the manner provided pursuant to an agreement made pursuant to NRS 271.660:  (a) From the State General Fund, the amount of money pledged pursuant to the ordinance in accordance with paragraph (a) of subsection 1 of NRS 271.650 which amount is hereby appropriated for that purpose; and  (b) From the Sales and Use Tax Account in the State General Fund, the amount of the proceeds pledged pursuant to the ordinance in accordance with paragraphs (b) and (c) of subsection 1 of NRS 271.650.  2. The governing body of a municipality that adopts an assessment ordinance in accordance with NRS 271.650 shall promptly remit to the State Controller any amount received pursuant to this section in excess of the amount required to carry out the provisions of NRS 271.4315 with regard to the project for which the assessment ordinance was adopted. The State Controller shall deposit any money received from a governing body of a municipality pursuant to this subsection in the appropriate account in the State General Fund for distribution and use as if the money had not been pledged pursuant to an assessment ordinance adopted in accordance with NRS 271.650 in the following order of priority:  (a) First, to the credit of the State Education Fund to the extent that the money would have been transferred to the Fund, if not for the pledge of the money pursuant to the assessment ordinance, pursuant to paragraph (c) of subsection 3 of NRS 374.785 for the fiscal year in which the State Controller receives the money;  (b) Second, to the State General Fund to the extent that the money would not have been appropriated, if not for the pledge of the money pursuant to the assessment ordinance, pursuant to paragraph (a) of subsection 1 for the fiscal year in which the State Controller receives the money; and  (c) Third, to the credit of any other funds and accounts to which the money would have been distributed, if not for the pledge of the money pursuant to the assessment ordinance, for the fiscal year in which the State Controller receives the money.  3. The Nevada Tax Commission may adopt such regulations as it deems appropriate to ensure the proper collection and distribution of any money pledged pursuant to an assessment ordinance adopted in accordance with NRS 271.650.  (Added to NRS by 2003, 2937; A 2009, 2083; 2019, 4240, effective July 1, 2021)
NV Rev Stat § 360.860 (2021)
2021 Nevada Revised Statutes|Chapter 360 - General Provisions|NRS 360.860 - Definitions. [Effective January 1, 2020, through December 31, 2029.]

As used in NRS 360.860 to 360.870, inclusive, unless the context otherwise requires, the words and terms defined in NRS 360.861 to 360.866, inclusive, have the meanings ascribed to them in those sections.  (Added to NRS by 2019, 3761, effective January 1, 2020)
NV Rev Stat § 360.861 (2021)
2021 Nevada Revised Statutes|Chapter 360 - General Provisions|NRS 360.861 - "Declaration of restrictive covenants and conditions" defined. [Effective January 1, 2020, through December 31, 2029.]

Declaration of restrictive covenants and conditions means an agreement between the Division and a project sponsor that sets forth the applicable restrictions concerning rent for a project and any other conditions upon which transferable tax credits are issued to the project sponsor by the Division pursuant to NRS 360.860 to 360.870, inclusive.  (Added to NRS by 2019, 3761, effective January 1, 2020)
NV Rev Stat § 360.862 (2021)
2021 Nevada Revised Statutes|Chapter 360 - General Provisions|NRS 360.862 - "Division" defined. [Effective January 1, 2020, through December 31, 2029.]

Division means the Housing Division of the Department of Business and Industry.  (Added to NRS by 2019, 3761, effective January 1, 2020)
NV Rev Stat § 360.863 (2021)
2021 Nevada Revised Statutes|Chapter 360 - General Provisions|NRS 360.863 - "Federal low-income housing tax credit" defined. [Effective January 1, 2020, through December 31, 2029.]

Federal low-income housing tax credit means the credit or reduction in liability for federal income taxes that is awarded pursuant to 26 U.S.C. § 42.  (Added to NRS by 2019, 3761, effective January 1, 2020)
NV Rev Stat § 360.864 (2021)
2021 Nevada Revised Statutes|Chapter 360 - General Provisions|NRS 360.864 - "Project" defined. [Effective January 1, 2020, through December 31, 2029.]

Project means a project for the acquisition, development, construction, improvement, expansion, reconstruction or rehabilitation of a qualified low-income housing project, as defined in 26 U.S.C. § 42(g), located in this State.  (Added to NRS by 2019, 3761, effective January 1, 2020)
NV Rev Stat § 360.865 (2021)
2021 Nevada Revised Statutes|Chapter 360 - General Provisions|NRS 360.865 - "Project sponsor" defined. [Effective January 1, 2020, through December 31, 2029.]

Project sponsor means a person who acquires an ownership interest in a project and is designated by the participants in the project to apply for a certificate of eligibility for transferable tax credits pursuant to NRS 360.867.  (Added to NRS by 2019, 3761, effective January 1, 2020)
NV Rev Stat § 360.866 (2021)
2021 Nevada Revised Statutes|Chapter 360 - General Provisions|NRS 360.866 - "Qualified allocation plan" defined. [Effective January 1, 2020, through December 31, 2029.]

Qualified allocation plan means the plan established by the Division pursuant to NRS 319.145 for allocating federal low-income housing tax credits.  (Added to NRS by 2019, 3761, effective January 1, 2020)
NV Rev Stat § 360.868 (2021)
2021 Nevada Revised Statutes|Chapter 360 - General Provisions|NRS 360.868 - Limitations on amounts of transferable tax credits which may be issued; expiration of transferable tax credits. [Effective January 1, 2020, through December 31, 2029.]

  1. Except as otherwise provided in this subsection, the Division shall not approve any application for transferable tax credits submitted pursuant to NRS 360.867 if:  (a) Approval of the application would cause the total amount of transferable tax credits approved pursuant to NRS 360.867 for each fiscal year to exceed $10,000,000. Any portion of the $10,000,000 per fiscal year for which transferable tax credits have not previously been approved may be carried forward and made available for approval during the next or any future fiscal year ending on or before June 30, 2023. If the Division determines that approval of an application that would cause the total amount of transferable tax credits approved pursuant to NRS 360.867 in a fiscal year to exceed $10,000,000 is necessary to ensure the maximum development of affordable housing in this State through the approval of transferable tax credits pursuant to NRS 360.867, the Division may approve the application unless the approval of the application would cause the total amount of transferable tax credits approved pursuant to NRS 360.867 in the fiscal year to exceed $13,000,000. If the Division approves an application for transferable tax credits that causes the total amount of transferable tax credits approved pursuant to NRS 360.867 in a fiscal year to exceed $10,000,000, the Division must reduce the amount of transferable tax credits which may be approved pursuant to NRS 360.867 in the next fiscal year by the amount of transferable tax credits approved in excess of $10,000,000 in the previous fiscal year.  (b) The Division receives the application on or after July 1, 2023.  2. The transferable tax credits issued to a project sponsor pursuant to NRS 360.867 expire 4 years after the date on which the transferable tax credits are issued to the project sponsor.  (Added to NRS by 2019, 3765, effective January 1, 2020)
NV Rev Stat § 360.869 (2021)
2021 Nevada Revised Statutes|Chapter 360 - General Provisions|NRS 360.869 - Repayment of tax credits to which project sponsor not entitled. [Effective January 1, 2020, through December 31, 2029.]

  1. A project sponsor that is found to have submitted any false statement or made any false representation in any document submitted for the purpose of obtaining transferable tax credits pursuant to NRS 360.860 to 360.870, inclusive, or that fails to comply with the requirements of the qualified allocation plan or the declaration of restrictive covenants and conditions shall repay to the Department or the Nevada Gaming Control Board, as applicable, any portion of the transferable tax credits to which the project sponsor is not entitled.  2. Transferable tax credits purchased in good faith are not subject to forfeiture or repayment by the transferee unless the transferee submitted fraudulent information in connection with the purchase.  (Added to NRS by 2019, 3766, effective January 1, 2020)
NV Rev Stat § 360.870 (2021)
2021 Nevada Revised Statutes|Chapter 360 - General Provisions|NRS 360.870 - Duty of Housing Division of Department of Business and Industry to prepare and submit annual reports; contents of annual reports. [Effective January 1, 2020, through December 31, 2029.]

The Division shall, on or before October 1 of each year, prepare and submit to the Governor and to the Director of the Legislative Counsel Bureau for transmittal to the Legislature an annual report which includes, for the immediately preceding fiscal year:  1. The number of applications submitted for a certificate of eligibility for transferable tax credits pursuant to NRS 360.867;  2. The number of projects for which transferable tax credits were approved;  3. Each type of project for which transferable tax credits were approved;  4. The amount of transferable tax credits approved;  5. The amount of transferable tax credits used;  6. The amount of transferable tax credits transferred;  7. The amount of transferable tax credits taken against each allowable fee or tax, including the actual amount used and outstanding, in total and for each project; and  8. The number of units of affordable housing created because of the issuance of transferable tax credits pursuant to NRS 360.867. As used in this subsection, "unit of affordable housing" means a residential unit in a project that is a rent-restricted unit, as defined in 26 U.S.C. § 42(g)(2).  (Added to NRS by 2019, 3766, effective January 1, 2020)
NV Rev Stat § 360.880 (2021)
2021 Nevada Revised Statutes|Chapter 360 - General Provisions|NRS 360.880 - Definitions. [Effective through June 30, 2032.]

As used in NRS 360.880 to 360.896, inclusive, unless the context otherwise requires, the words and terms defined in NRS 360.881 to 360.888, inclusive, have the meanings ascribed to them in those sections.  (Added to NRS by 2015, 29th Special Session, 18)
NV Rev Stat § 360.881 (2021)
2021 Nevada Revised Statutes|Chapter 360 - General Provisions|NRS 360.881 - "Capital investment" defined. [Effective through June 30, 2032.]

Capital investment means all costs and expenses incurred by the participants in a qualified project in connection with the acquisition, construction, installation and equipping of the qualified project.  (Added to NRS by 2015, 29th Special Session, 18)
NV Rev Stat § 360.882 (2021)
2021 Nevada Revised Statutes|Chapter 360 - General Provisions|NRS 360.882 - "Employer excise taxes" defined. [Effective through June 30, 2032.]

Employer excise taxes means the taxes imposed on the wages paid by an employer pursuant to chapter 363A or 363B of NRS.  (Added to NRS by 2015, 29th Special Session, 18)
NV Rev Stat § 360.883 (2021)
2021 Nevada Revised Statutes|Chapter 360 - General Provisions|NRS 360.883 - "Lead participant" defined. [Effective through June 30, 2032.]

Lead participant means the participant designated by the participants in a project as the lead participant in an application submitted pursuant to NRS 360.889.  (Added to NRS by 2015, 29th Special Session, 18)
NV Rev Stat § 360.884 (2021)
2021 Nevada Revised Statutes|Chapter 360 - General Provisions|NRS 360.884 - "Local sales and use taxes" defined. [Effective through June 30, 2032.]

Local sales and use taxes means only the taxes imposed pursuant to chapters 377, 377A and 377B of NRS imposed on the gross receipts of any retailer from the sale of tangible personal property sold at retail, or stored, used or otherwise consumed, in the county in which the qualified project is located. The term does not include any taxes imposed by the Sales and Use Tax Act.  (Added to NRS by 2015, 29th Special Session, 18; A 2019, 2254)
NV Rev Stat § 360.885 (2021)
2021 Nevada Revised Statutes|Chapter 360 - General Provisions|NRS 360.885 - "Participant" defined. [Effective through June 30, 2032.]

Participant means a business which operates within the geographic boundaries of a project site and which contributes to or participates in the project.  (Added to NRS by 2015, 29th Special Session, 18)
NV Rev Stat § 360.886 (2021)
2021 Nevada Revised Statutes|Chapter 360 - General Provisions|NRS 360.886 - "Project" defined. [Effective through June 30, 2032.]

Project means a project undertaken by a business or group of businesses:  1. Located within the geographic boundaries of a single project site or sites in this State; and  2. Engaged in a common business purpose or industry. A business or group of businesses must be deemed to be engaged in a common business purpose or industry if the business or group of businesses are in a supply chain related to the common business purpose or industry or provide components or services related to the common business purpose or industry.  (Added to NRS by 2015, 29th Special Session, 18; A 2017, 3795)
NV Rev Stat § 360.887 (2021)
2021 Nevada Revised Statutes|Chapter 360 - General Provisions|NRS 360.887 - "Property taxes" defined. [Effective through June 30, 2032.]

Property taxes means any taxes levied by the State or a local government pursuant to the provisions of chapter 361 of NRS.  (Added to NRS by 2015, 29th Special Session, 19)
NV Rev Stat § 360.888 (2021)
2021 Nevada Revised Statutes|Chapter 360 - General Provisions|NRS 360.888 - "Qualified project" defined. [Effective through June 30, 2032.]

Qualified project means a project which the Office of Economic Development determines meets all the requirements set forth in subsections 2, 3, 5 and 6 of NRS 360.889.  (Added to NRS by 2015, 29th Special Session, 19; A 2017, 3795; 2019, 2601)
NV Rev Stat § 360.892 (2021)
2021 Nevada Revised Statutes|Chapter 360 - General Provisions|NRS 360.892 - Limitations on amounts of transferable tax credits which may be issued by Office of Economic Development. [Effective through June 30, 2032.]

  1. Except as otherwise provided in this section, the Office of Economic Development shall not approve transferable tax credits:  (a) For Fiscal Year 2017-2018, 2018-2019, 2019-2020, 2020-2021, 2021-2022, 2022-2023, 2023-2024 or 2024-2025, if approval of the transferable tax credits would cause the total amount of transferable tax credits issued pursuant to NRS 360.880 to 360.896, inclusive, in that Fiscal Year to exceed $7,600,000.  (b) For a fiscal year beginning on or after July 1, 2025.  2. The total amount of transferable tax credits issued pursuant to NRS 360.880 to 360.896, inclusive, to all qualified projects in this State must not exceed $38,000,000.  3. If in any fiscal year the Office does not approve an amount of transferable tax credits equal to the total amount authorized by paragraph (a) or (b) of subsection 1, the remaining amount of transferable tax credits must be carried forward and made available for approval during subsequent fiscal years ending on or before June 30, 2025.  4. Each transferable tax credit issued pursuant to NRS 360.880 to 360.896, inclusive, expires 4 years after the date on which the transferable tax credit is issued to the lead participant. A transferable tax credit issued pursuant to NRS 360.880 to 360.896, inclusive, may be transferred only once.  (Added to NRS by 2015, 29th Special Session, 24)
NV Rev Stat § 360.896 (2021)
2021 Nevada Revised Statutes|Chapter 360 - General Provisions|NRS 360.896 - Governing body of county or city authorized to grant abatements of permitting fees or licensing fees to participants in qualified project located in county or city. [Effective through June 30, 2032.]

  1. For the purpose of encouraging local economic development, the governing body of a city or county in which a qualified project is located may grant to any participant in a qualified project an abatement of all or any percentage of the amount of any permitting fee or licensing fee which the local government is authorized to impose or charge pursuant to chapter 244 or 268 of NRS.  2. Before granting any abatement pursuant to subsection 1, the governing body of the city or county must provide by ordinance for a pilot project for granting abatements to participants in a qualified project.  3. A governing body of a city or county that grants an abatement pursuant to subsection 1 shall, on or before October 1 of each year in which such an abatement is granted, prepare and submit to the Governor and to the Director of the Legislative Counsel Bureau for transmittal to the Legislature an annual report which includes, for the immediately preceding fiscal year:  (a) The number of qualified projects located within the jurisdiction of the governing body for which a certificate of eligibility for transferable tax credits was approved;  (b) If applicable, the number and dollar amount of the abatements granted by the governing body pursuant to subsection 1; and  (c) The number of persons within the jurisdiction of the governing body that were employed by each participant in a qualified project and the amount of wages paid to those persons.  (Added to NRS by 2015, 29th Special Session, 28)
NV Rev Stat § 360.900 (2021)
2021 Nevada Revised Statutes|Chapter 360 - General Provisions|NRS 360.900 - Definitions. [Effective through June 30, 2036.]

As used in NRS 360.900 to 360.980, inclusive, unless the context otherwise requires, the words and terms defined in NRS 360.905 to 360.940, inclusive, have the meanings ascribed to them in those sections.  (Added to NRS by 2014, 28th Special Session, 12)
NV Rev Stat § 360.905 (2021)
2021 Nevada Revised Statutes|Chapter 360 - General Provisions|NRS 360.905 - "Capital investment" defined. [Effective through June 30, 2036.]

Capital investment means all costs and expenses incurred by the participants in a qualified project in connection with the acquisition, construction, installation and equipping of the qualified project.  (Added to NRS by 2014, 28th Special Session, 12)
NV Rev Stat § 360.910 (2021)
2021 Nevada Revised Statutes|Chapter 360 - General Provisions|NRS 360.910 - "Employer excise taxes" defined. [Effective through June 30, 2036.]

Employer excise taxes means the taxes imposed on the wages paid by an employer pursuant to chapter 363A or 363B of NRS.  (Added to NRS by 2014, 28th Special Session, 12)
NV Rev Stat § 360.915 (2021)
2021 Nevada Revised Statutes|Chapter 360 - General Provisions|NRS 360.915 - "Lead participant" defined. [Effective through June 30, 2036.]

Lead participant means the participant designated by the participants in a project as the lead participant in an application submitted pursuant to NRS 360.945.  (Added to NRS by 2014, 28th Special Session, 12)
NV Rev Stat § 360.920 (2021)
2021 Nevada Revised Statutes|Chapter 360 - General Provisions|NRS 360.920 - "Local sales and use taxes" defined. [Effective through June 30, 2036.]

Local sales and use taxes means only the taxes imposed pursuant to chapter 377 of NRS on the gross receipts of any retailer from the sale of tangible personal property sold at retail, or stored, used or otherwise consumed, in the county in which the qualified project is located. The term does not include the taxes imposed by the Sales and Use Tax Act.  (Added to NRS by 2014, 28th Special Session, 12; A 2019, 2254)
NV Rev Stat § 360.925 (2021)
2021 Nevada Revised Statutes|Chapter 360 - General Provisions|NRS 360.925 - "Participant" defined. [Effective through June 30, 2036.]

Participant means a business which operates within the geographic boundaries of a project site and which contributes to or participates in the project.  (Added to NRS by 2014, 28th Special Session, 13)
NV Rev Stat § 360.930 (2021)
2021 Nevada Revised Statutes|Chapter 360 - General Provisions|NRS 360.930 - "Project" defined. [Effective through June 30, 2036.]

Project means a project undertaken by a business or group of businesses:  1. Located within the geographic boundaries of a single project site in this State; and  2. Engaged in a common business purpose or industry. A business or group of businesses must be deemed to be engaged in a common business purpose or industry if the business or group of businesses are in a supply chain related to the common business purpose or industry or provide components or services related to the common business purpose or industry.  (Added to NRS by 2014, 28th Special Session, 13; A 2017, 3802)