Title 32

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 transferab…

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 ap…

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…

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 oth…

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 Legisl…

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 …

NRS 360.767 “Exhibition” defined. “Exhibition” means a trade show or convention, craft show, sporting event or any other similar event involving the exhibition of property, products, goods, services or athletic or physical skill. (Added to NRS by 2005, 22nd Special Session, 124)

NRS 360.773 “State business license” defined. “State business license” means the business license required pursuant to chapter 76 of NRS. (Added to NRS by 2005, 22nd Special Session, 124; A 2009, 2050)

NRS 360.774 “Unauthorized alien” defined. “Unauthorized alien” has the meaning ascribed to it in 8 U.S.C. § 1324a(h)(3). (Added to NRS by 2007, 1270)

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 opera…

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…

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)

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 …

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)

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 gove…

NRS 360.810 “Local government” defined. “Local government” means any city, county, district or other political subdivision of this state. (Added to NRS by 2003, 968)

NRS 360.815 “Public utility” defined. “Public utility” means any privately, publicly or cooperatively owned system for providing a utility service to the public or a segment of the public. (Added to NRS by 2003, 968)

NRS 360.820 “Telecommunication service” defined. “Telecommunication service” has the meaning ascribed to it in NRS 704.028. (Added to NRS by 2003, 968; A 2007, 715)

NRS 360.825 Acquisition of certain public utilities: Requirements for payments in lieu of taxes and franchise fees; distributions to local governments based on assessed valuation of taxable property. 1. Except as otherwise provided in this section, if on or after July 1, 2003, a …

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 ent…

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 …

NRS 360.840 Adoption of regulations by Nevada Tax Commission. The Nevada Tax Commission shall adopt such regulations as it deems appropriate to carry out the provisions of NRS 360.800 to 360.840, inclusive. (Added to NRS by 2003, 971) MONEY PLEDGED FOR CERTAIN LOCAL IMPROVEMENTS

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 …

NRS 360.855 Distribution of money pledged pursuant to NRS 271A.070; 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…

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)

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 c…

NRS 360.862 “Division” defined. “Division” means the Housing Division of the Department of Business and Industry. (Added to NRS by 2019, 3761; A 2021, 1045)

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)

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 20…

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 N…

NRS 360.866 “Qualified allocation plan” defined. “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; A 2021, 1045)

NRS 360.867 Submittal of application on behalf of project; contents of application; reservation of credits; termination of reservation; issuance and transfer of credits; repayment of excess credits; confidentiality of information in application; regulations. 1. On behalf of a pro…

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 36…

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 36…

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…

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 b…

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…

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)

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…

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 so…

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)

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…

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)

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 Specia…

NRS 360.889 Submittal of application on behalf of project; submission of request for approval of application to Interim Finance Committee; contents of application; provision of additional documentation; confidentiality of information related to negotiation of agreements to defray…

NRS 360.890 Consideration of application by Office of Economic Development; notice of application to certain local governmental entities; designation of representative of certain local governmental entities; public meeting required; requirements for notice of public meeting; appr…