reglab/statecodes huggingface dataset:
2023 Nevada Revised Statutes › Chapter 360 - General Provisions › NRS 360.7592 - Calculation of amount of credit: Base amount; additional amounts for employing residents as below-the-line personnel and filming in certain counties; Office of Economic Development authorized to reduce or withhold credits under certain circumstances.

1. Except as otherwise provided in subsection 4 and NRS 360.7593 and 360.7594, the base amount of transferable tax credits issued to an eligible production company pursuant to NRS 360.759 must equal 15 percent of the qualified direct production expenditures.
2. Except as otherwise provided in subsections 3 and 4 and NRS 360.7594, in addition to the base amount calculated pursuant to subsection 1, transferable tax credits issued to an eligible production company pursuant to NRS 360.759 must include credits in an amount equal to:
(a) An additional 5 percent of the qualified direct production expenditures if more than 50 percent of the below-the-line personnel of the qualified production are Nevada residents; and
(b) An additional 5 percent of the qualified direct production expenditures if more than 50 percent of the filming days of the qualified production occurred in a county in this State in which, in each of the 2 years immediately preceding the date of application, qualified productions incurred less than $10,000,000 of qualified direct production expenditures.
3. For the purposes of paragraph (a) of subsection 2:
(a) Except as otherwise provided in paragraph (b) of this subsection, the percentage of the below-the-line personnel who are Nevada residents must be determined by dividing the number of workdays worked by Nevada residents by the number of workdays worked by all below-the-line personnel.
(b) Any work performed by an extra must not be considered in determining the percentage of the below-the-line personnel who are Nevada residents.
4. The Office may:
(a) Reduce the cumulative amount of transferable tax credits that are calculated pursuant to this section by an amount equal to any damages incurred by the State or any political subdivision of the State as a result of a qualified production that is produced in this State; or
(b) Withhold the transferable tax credits, in whole or in part:
(1) Until any pending legal action in this State against a production company or involving a qualified production is resolved.
(2) If a production company violates any state or local law.
(3) If a production company is found to have submitted any false statement, representation or certification in any document submitted for the purpose of obtaining transferable tax credits.
(Added to NRS by 2013, 3094; A 2015, 1105, 1109; 2021, 283)
2023 Nevada Revised Statutes › Chapter 360 - General Provisions › NRS 360.7593 - Calculation of amount of credit: Rate of inclusion of wages and salaries paid to nonresidents when calculating base amount of credit.

1. In calculating the base amount of transferable tax credits pursuant to subsection 1 of NRS 360.7592:
(a) Wages and salaries, including fringe benefits, paid to above-the-line personnel who are not Nevada residents must be included in the calculation at a rate of 12 percent.
(b) Wages and salaries, including fringe benefits, paid to below-the-line personnel who are not Nevada residents:
(1) For the period beginning January 1, 2014, and ending December 31, 2014, must be included in the calculation at a rate of 12 percent.
(2) For the period beginning January 1, 2015, and ending December 31, 2015, must be included in the calculation at a rate of 10 percent.
(3) For the period beginning January 1, 2016, and ending December 31, 2016, must be included in the calculation at a rate of 8 percent.
(4) For the period beginning January 1, 2017, must not be included in the calculation.
2. As used in this section, "fringe benefits" means employee expenses paid by an employer for the use of a person’s services, including, without limitation, payments made to a governmental entity, union dues, health insurance premiums, payments to a pension plan and payments for workers’ compensation insurance.
(Added to NRS by 2013, 3094; A 2015, 1105, 1109)
2023 Nevada Revised Statutes › Chapter 360 - General Provisions › NRS 360.7594 - Limitation on amount of credits; expiration of credits; amount of compensation included as qualified direct production expenditure.

1. Except as otherwise provided in this subsection, the Office of Economic Development shall not approve any application for transferable tax credits submitted pursuant to NRS 360.759 if approval of the application would cause the total amount of transferable tax credits approved pursuant to NRS 360.759 for each fiscal year to exceed the sum of $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.
2. The transferable tax credits issued to any production company for any qualified production pursuant to NRS 360.759:
(a) Must not exceed a total amount of $6,000,000; and
(b) Expire 4 years after the date on which the transferable tax credits are issued to the production company.
3. For the purposes of calculating qualified direct production expenditures:
(a) The compensation payable to all producers who are Nevada residents must not exceed 10 percent of the portion of the total budget of the qualified production that was expended in or attributable to any expenses incurred in this State.
(b) The compensation payable to all producers who are not Nevada residents must not exceed 5 percent of the portion of the total budget of the qualified production that was expended in or attributable to any expenses incurred in this State.
(c) The compensation payable to any employee, independent contractor or any other person paid a wage or salary as compensation for providing labor services on the production of the qualified production must not exceed $750,000.
(Added to NRS by 2013, 3095; A 2014, 28th Special Session, 23; 2015, 1106, 1109; 2017, 3107)
2023 Nevada Revised Statutes › Chapter 360 - General Provisions › NRS 360.7595 - Procedure for hearing application; commencement of principal photography; duty of production company to submit certain information and complete production within certain period; priority of certain applications.

1. If the Office of Economic Development receives an application for transferable tax credits pursuant to NRS 360.759, the Office shall, not later than 10 days before a hearing on the application, provide notice of the hearing to:
(a) The applicant;
(b) The Department; and
(c) The Nevada Gaming Control Board.
2. The notice required by this section must set forth the date, time and location of the hearing on the application. The date of the hearing must be not later than 60 days after the Office receives the completed application.
3. The Office shall issue a decision on the application not later than 30 days after the conclusion of the hearing on the application.
4. Except as otherwise provided in this subsection, if the application is approved, principal photography of the qualified production must begin not more than 90 days after the date on which the decision on the application is issued. The Office of Economic Development:
(a) Shall prescribe by regulation the procedure for determining the date of commencement of qualified productions that do not include photography for the purposes of this section.
(b) May extend by not more than 90 days the period otherwise prescribed by this subsection.
5. A production company that produces a qualified production shall submit the audit required by NRS 360.759 and all other required information to the Office and the Department within the time required by paragraph (e) of subsection 3 of NRS 360.759. Production of the qualified production must be completed within 18 months after the date of commencement of principal photography. If the Office or the Department determines that information submitted pursuant to this subsection is incomplete, the production company shall, not later than 30 days after receiving notice that the information is incomplete, provide to the Office or the Department, as applicable, all additional information required by the Office or the Department.
6. The Office shall give priority to the approval and processing of an application relating to a qualified production that promotes tourism in the State of Nevada.
(Added to NRS by 2013, 3095; A 2015, 1106, 1109)
2023 Nevada Revised Statutes › Chapter 360 - General Provisions › NRS 360.7596 - Abatement of city or county permitting fee or licensing fee; reporting of such abatements to Governor and Legislature.

1. For the purpose of encouraging local economic development, the governing body of a city or county may grant to a production company that produces a qualified production for which a certificate of eligibility for transferable tax credits has been approved pursuant to NRS 360.759 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 this section, the governing body of the city or county must provide by ordinance for a pilot project for granting abatements to production companies for which a certificate of eligibility for transferable tax credits has been approved pursuant to NRS 360.759.
3. A governing body of a city or county that grants an abatement pursuant to this section 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 productions produced within the jurisdiction of the governing body for which a certificate of eligibility for transferable tax credits was approved;
(b) The number and dollar value of the abatements granted by the governing body pursuant to this section;
(c) The number of persons within the jurisdiction of the governing body that were employed by each qualified production and the amount of wages paid to those persons; and
(d) The period during which each qualified production was produced within the jurisdiction of the governing body.
(Added to NRS by 2013, 3096; A 2015, 1107, 1109)
2023 Nevada Revised Statutes › Chapter 360 - General Provisions › NRS 360.7597 - Repayment of amount of credit required under certain circumstances.

1. A production company that is found to have submitted any false statement, representation or certification in any document submitted for the purpose of obtaining transferable tax credits or who otherwise becomes ineligible for transferable tax credits after receiving the transferable tax credits pursuant to NRS 360.759 shall repay to the Department or the Nevada Gaming Control Board, as applicable, any portion of the transferable tax credits to which the production company 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 2013, 3097; A 2015, 1108, 1109)
2023 Nevada Revised Statutes › Chapter 360 - General Provisions › NRS 360.7598 - Office of Economic Development required to submit annual report to Governor and Director of Legislative Counsel Bureau.

The Office of Economic Development 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 transferable tax credits pursuant to NRS 360.759;
2. The number of qualified productions for which transferable tax credits were approved;
3. The amount of transferable tax credits approved;
4. The amount of transferable tax credits used;
5. The amount of transferable tax credits transferred;
6. 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 qualified production;
7. The total amount of the qualified direct production expenditures incurred by each qualified production and the portion of those expenditures that were incurred in Nevada;
8. The number of persons in Nevada employed by each qualified production and the amount of wages paid to those persons; and
9. The period during which each qualified production was in Nevada and employed persons in Nevada.
(Added to NRS by 2013, 3097; A 2014, 28th Special Session, 24; 2015, 1108, 1109)
2023 Nevada Revised Statutes › Chapter 360 - General Provisions › NRS 360.760 - Definitions.

As used in NRS 360.760 to 360.796, inclusive, unless the context otherwise requires, the words and terms defined in NRS 360.767, 360.773 and 360.774 have the meanings ascribed to them in those sections.
(Added to NRS by 2003, 20th Special Session, 155; A 2005, 294; 2005, 22nd Special Session, 127; 2007, 1271; 2009, 2050)
2023 Nevada Revised Statutes › Chapter 360 - General Provisions › NRS 360.780 - Participants in exhibition: Exemption from licensing requirement.

A person who takes part in an exhibition held in this State for a purpose related to the conduct of a business is not required to obtain a state business license specifically for that event if the operator of the facility where the exhibition is held pays the licensing fee on behalf of that person pursuant to NRS 360.787.
(Added to NRS by 2003, 20th Special Session, 157; A 2003, 20th Special Session, 231; 2005, 22nd Special Session, 128; 2009, 2050, 2189)
2023 Nevada Revised Statutes › Chapter 360 - General Provisions › NRS 360.787 - Payment of licensing fees by operator of facility where exhibition is held; regulations.

1. A person or governmental entity that operates a facility at which one or more exhibitions are held is responsible for the payment of a licensing fee pursuant to this section on behalf of the persons who do not have a state business license but who take part in the exhibition for a purpose related to the conduct of a business.
2. The operator of the facility shall pay the licensing fee required by subsection 1 either:
(a) On an annual basis by remitting to the Department the sum of $5,000 on or before July 1 for all the exhibitions held at that facility during the fiscal year beginning on that day; or
(b) On a quarterly basis by remitting to the Department an amount equal to the product of the total number of businesses taking part in each exhibition at the facility during a calendar quarter who do not have a state business license multiplied by the number of days on which the exhibition is held at the facility during the calendar quarter, multiplied in turn by $1.25 for each exhibition held at the facility during the calendar quarter.
3. If the operator of a facility at which an exhibition is held has not paid the licensing fee as provided in paragraph (a) of subsection 2, the operator of the facility shall, on or before the last day of each calendar quarter in which an exhibition is held at that facility, remit to the Department the licensing fee in the amount required by paragraph (b) of subsection 2 for all the exhibitions held at that facility during that calendar quarter.
4. The licensing fees due pursuant to this section must be calculated, reported and paid separately from any other fees due from the operator of the facility pursuant to this chapter.
5. The Nevada Tax Commission shall adopt such regulations as it deems necessary to carry out the provisions of this section.
(Added to NRS by 2005, 22nd Special Session, 125)
2023 Nevada Revised Statutes › Chapter 360 - General Provisions › NRS 360.790 - Deposit of proceeds in State General Fund.

The Department shall deposit all money it receives pursuant to NRS 360.760 to 360.796, inclusive, in the State Treasury for credit to the State General Fund.
(Added to NRS by 2003, 20th Special Session, 157; A 2009, 2050)
2023 Nevada Revised Statutes › Chapter 360 - General Provisions › NRS 360.796 - Unlawful hiring or employment of unauthorized alien by holder of license: Hearing; administrative fine; regulations.

1. Upon finding that the Attorney General of the United States has made a final decision and entered an order that a person who holds a state business license has engaged in the unlawful hiring or employment of an unauthorized alien pursuant to 8 U.S.C. § 1324a(e), the Nevada Tax Commission shall hold a hearing to determine whether to take action against the person.
2. The Nevada Tax Commission shall consider any proof submitted by the person who holds a state business license which demonstrates that the person attempted to verify the social security number of the unauthorized alien within 6 months from the date on which the unauthorized alien was allegedly employed. Such proof may include, without limitation, a printout from the link maintained on the Internet website of the Department of Business and Industry pursuant to NRS 232.521. Such proof may be used as prima facie evidence that the violation was not willful, flagrant or otherwise egregious.
3. If the Nevada Tax Commission determines that the person who holds the state business license violated the federal law willfully, flagrantly or otherwise egregiously, the Commission shall impose an administrative fine against the person in an amount established by the Commission by regulation. Any such administrative fine imposed must be deposited in the State General Fund.
4. The Nevada Tax Commission shall adopt such regulations as it determines necessary to carry out the provisions of this section.
(Added to NRS by 2007, 1270)
2023 Nevada Revised Statutes › Chapter 360 - General Provisions › NRS 360.800 - Definitions.

As used in NRS 360.800 to 360.840, inclusive, unless the context otherwise requires, the words and terms defined in NRS 360.805 to 360.820, inclusive, have the meanings ascribed to them in those sections.
(Added to NRS by 2003, 968)
2023 Nevada Revised Statutes › Chapter 360 - General Provisions › NRS 360.805 - "Affected local government" defined.

"Affected local government" means any local government that will receive less money from state or local taxes or franchise fees or from payments in lieu of those taxes or franchise fees, or less compensation from another local government pursuant to NRS 360.830, as a direct result of the acquisition of any public utility or expansion of any facilities by a local government as provided in NRS 360.830.
(Added to NRS by 2003, 968)
2023 Nevada Revised Statutes › Chapter 360 - General Provisions › NRS 360.830 - Acquisition or expansion of certain public utilities: Requirements for interlocal agreements for compensation of affected local governments.

1. Except as otherwise provided in this section, if on or after July 1, 2003, a local government:
(a) Acquires from another entity a public utility that provides water service or sewer service; or
(b) Expands facilities for the provision of water service, sewer service, electric service, natural gas service, telecommunication service or community antenna television, cable television or other video service, and the expansion results in the local government serving additional retail customers who were, before the expansion, retail customers of a public utility which provided that service,
the local government shall enter into an interlocal agreement with each affected local government to compensate the affected local government each fiscal year, as nearly as practicable, for the amount of any money from state and local taxes and franchise fees and from payments in lieu of those taxes and franchise fees, and for any compensation from a local government pursuant to this section, the affected local government would be entitled to receive but will not receive because of the acquisition of that public utility or expansion of those facilities as provided in this section.
2. An affected local government may waive any or all of the compensation to which it may be entitled pursuant to subsection 1.
3. The provisions of this section do not require a:
(a) Local government to provide any compensation to an affected local government to the extent that the provision of that compensation would cause a deficiency in the money available to the local government to make required payments of principal of, premium, if any, or interest on any bonds or other securities issued to finance the acquisition of that public utility or expansion of those facilities, or to make required payments to any funds established under the proceedings under which those bonds or other securities were issued.
(b) County to duplicate any compensation an affected local government receives from any payments in lieu of taxes required pursuant to NRS 244A.755.
(Added to NRS by 2003, 969; A 2007, 716, 1386)
2023 Nevada Revised Statutes › Chapter 360 - General Provisions › NRS 360.835 - Acquisition or expansion of certain public utilities: Procedure upon failure to reach interlocal agreement.

1. If a local government and an affected local government cannot reach agreement pursuant to NRS 360.830, either party may submit to the Executive Director its proposal for the terms of an interlocal agreement, together with any information it deems appropriate relating to such an agreement. Within 30 days after the receipt of that proposal, the Executive Director shall:
(a) Provide to the other party:
(1) A copy of the proposal and any information received with the proposal; and
(2) An opportunity to submit its proposal for the terms of an interlocal agreement and any information that party deems appropriate relating to such an agreement;
(b) Review each proposal and any other information submitted by the parties; and
(c) Submit to the Committee on Local Government Finance his or her findings regarding the terms of a fair and equitable interlocal agreement.
2. Within 30 days after the receipt of the findings of the Executive Director pursuant to subsection 1, the Committee on Local Government Finance shall:
(a) Review those findings; and
(b) Submit to the Nevada Tax Commission its recommendations for the terms of a fair and equitable interlocal agreement.
3. The Nevada Tax Commission shall schedule a public hearing within 30 days after the Committee on Local Government Finance submits its recommendations pursuant to subsection 2. The Nevada Tax Commission shall provide public notice of the hearing at least 10 days before the date on which the hearing will be held. The Executive Director shall provide copies of all documents relevant to the recommendations of the Committee on Local Government Finance to each of the parties. After the hearing, the Nevada Tax Commission shall notify the parties of its determination of the terms of a fair and equitable interlocal agreement.
4. Within 30 days after the parties receive notification of the determination of the Nevada Tax Commission pursuant to subsection 3, the parties shall enter into an interlocal agreement in accordance with that determination.
(Added to NRS by 2003, 970)
2023 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.

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)
2023 Nevada Revised Statutes › Chapter 360 - General Provisions › NRS 360.860 - Definitions.

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; A 2021, 1045)
2023 Nevada Revised Statutes › Chapter 360 - General Provisions › NRS 360.861 - "Declaration of restrictive covenants and conditions" defined.

"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; A 2021, 1045)
2023 Nevada Revised Statutes › Chapter 360 - General Provisions › NRS 360.863 - "Federal low-income housing tax credit" defined.

"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; A 2021, 1045)
2023 Nevada Revised Statutes › Chapter 360 - General Provisions › NRS 360.864 - "Project" defined.

"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; A 2021, 1045)
2023 Nevada Revised Statutes › Chapter 360 - General Provisions › NRS 360.865 - "Project sponsor" defined.

"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; A 2021, 1045)
2023 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.

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. 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) Approval of the application would cause the total amount of transferable tax credits approved for all fiscal years pursuant to NRS 360.867 to exceed $40,000,000.
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; A 2021, 1045)
2023 Nevada Revised Statutes › Chapter 360 - General Provisions › NRS 360.869 - Repayment of tax credits to which project sponsor not entitled.

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; A 2021, 1045)
2023 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.

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; A 2021, 1045)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 Nevada Revised Statutes › Chapter 360 - General Provisions › NRS 360.940 - "Qualified project" defined. [Effective through June 30, 2036.]

"Qualified project" means a project which the Office of Economic Development determines meets all the requirements set forth in subsections 2, 3 and 4 of NRS 360.945.
(Added to NRS by 2014, 28th Special Session, 13)
2023 Nevada Revised Statutes › Chapter 360 - General Provisions › NRS 360.960 - Limitations on amounts of transferable tax credits which may be issued by Office of Economic Development. [Effective through June 30, 2036.]

1. Except as otherwise provided in this section, the Office of Economic Development shall not approve transferable tax credits:
(a) For Fiscal Year 2015-2016, 2016-2017, 2017-2018, 2018-2019, 2019-2020, 2020-2021 or 2021-2022, if approval of the transferable tax credits would cause the total amount of transferable tax credits issued pursuant to NRS 360.900 to 360.975, inclusive, in that Fiscal Year to exceed $45,000,000.
(b) For a fiscal year beginning on or after July 1, 2022.
2. The total amount of transferable tax credits issued pursuant to NRS 360.900 to 360.975, inclusive, to all qualified projects in this State must not exceed $195,000,000.
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, 2022.
4. Each transferable tax credit issued pursuant to NRS 360.900 to 360.975, 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 360.900 to 360.975, inclusive, may be transferred only once.
(Added to NRS by 2014, 28th Special Session, 18)
2023 Nevada Revised Statutes › Chapter 360 - General Provisions › NRS 360.965 - Approval of application for abatement of taxes; duration of abatement; issuance of document certifying abatement of sales and use taxes. [Effective through June 30, 2036.]

1. If the Office of Economic Development approves an application for an abatement of property taxes, employer excise taxes or local sales and use taxes submitted pursuant to paragraph (b) of subsection 1 of NRS 360.945, the Office shall immediately forward a certificate of eligibility for the abatement of the taxes described in that paragraph to:
(a) The Department;
(b) The Nevada Tax Commission; and
(c) The county treasurer of the county in which the qualified project will be located.
2. The abatement for the lead participant in the qualified project must:
(a) For property taxes, be for a duration of not more than 10 years after the date on which the application is submitted and in an amount that equals the amount of the property taxes that would otherwise be owed by each participant for the qualified project;
(b) For employer excise taxes, be for a duration of not more than 10 years after the date on which the application is submitted and in an amount that equals the amount of the employer excise taxes that would otherwise be owed by each participant for employees employed by the participant for the qualified project; and
(c) For local sales and use tax, be for a duration of not more than 20 years after the date on which the application is submitted and in an amount that equals the amount of the local sales and use taxes that would otherwise be owed by each participant in the qualified project.
3. If the Office approves an abatement of local sales and use taxes, the Office shall issue to the lead participant in the qualified project a document certifying the abatement which can be presented to retailers at the time of sale. The document must clearly state the rate of sales and use taxes which the purchaser is required to pay in the county in which the abatement is effective.
(Added to NRS by 2014, 28th Special Session, 18)
2023 Nevada Revised Statutes › Chapter 360 - General Provisions › NRS 360.980 - 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, 2036.]

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 2014, 28th Special Session, 22)
2023 Nevada Revised Statutes › Chapter 360 - General Provisions › NRS 360.981 - Definitions.

As used in NRS 360.981 to 360.992, inclusive, unless the context otherwise requires, the words and terms defined in NRS 360.982 to 360.988, inclusive, have the meanings ascribed to them in those sections.
(Added to NRS by 2015, 29th Special Session, 29)
2023 Nevada Revised Statutes › Chapter 360 - General Provisions › NRS 360.984 - "Infrastructure project" defined.

"Infrastructure project" includes, without limitation, a drainage project, an electrical project, a rail project, a sanitary sewer project, a transportation project, a fire protection project, a wastewater project and a water project.
(Added to NRS by 2015, 29th Special Session, 29)