PocketLaw | Nevada Revised Statutes | Nevada New Markets Jobs Act

Qualified community development entity: Requirement for allocation agreement; additional entities included.

Section
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.

Section
231A.210

Tax credits not to be refunded or sold; allocation of tax credits to partners, members or shareholders of earning entity.

Section
231A.220

Limitations on relationship between insurer or affiliate and qualified community development entity.

Section
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; transferability of certified investment authority.

Section
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.

Section
231A.245

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

Section
231A.250

Circumstances requiring recapture by Department of tax credits.

Section
231A.260

Recapture: Cure period; notice requirement.

Section
231A.270

Designation of investment or security as qualified equity investment by qualified community development entity: Fee.

Section
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.

Section
231A.290

Entity claiming tax credit not required to pay additional taxes resulting from claim of credit.

Section
231A.300

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

Section
231A.310

Qualified community development entity not entitled to pay to affiliates fees in connection with qualified investments before decertification.

Section
231A.320

Nevada New Markets Jobs Act

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Short title.

Legislative findings and declaration.

Definitions.

"Applicable percentage" defined.

"Credit allowance date" defined.

"Department" defined.

"Director" defined.

"Fresh food retailer" defined.

"Liability for insurance premium tax" defined.

"Long-term debt security" defined.

"Purchase price" defined.

"Qualified active low-income community business" defined.

"Qualified community development entity" defined.

"Qualified equity investment" defined.

"Qualified fresh food retailer" defined.

"Qualified low-income community investment" defined.

"Underserved community" defined.

Regulations.

Qualifications for long-term debt security.

Qualified active low-income community business: Qualification; limitations; exclusions.

Qualified community development entity: Requirement for allocation agreement; additional entities included.

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.

Tax credits not to be refunded or sold; allocation of tax credits to partners, members or shareholders of earning entity.

Limitations on relationship between insurer or affiliate and qualified community development entity.

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; transferability of certified investment authority.

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.

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

Circumstances requiring recapture by Department of tax credits.

Recapture: Cure period; notice requirement.

Designation of investment or security as qualified equity investment by qualified community development entity: Fee.

Department to issue letter rulings regarding tax credits: Requirements for letter rulings; letter rulings binding on Department, agents or successors until tax credits claimed.

Entity claiming tax credit not required to pay additional taxes resulting from claim of credit.

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

Qualified community development entity not entitled to pay to affiliates fees in connection with qualified investments before decertification.

Duties of Director: Annual review of qualified community development entity; report to Legislature.