NRS 278C.130
“Tax increment area” defined.

“Tax increment area” means the area:

1.

Whose boundaries are coterminous with those of a specially benefited zone established as provided in NRS 278C.150;

2.

Specially benefited by an undertaking under this chapter;

3.

Designated by ordinance as provided in NRS 278C.220; and

4.

In which is located:

(a)

The taxable property the assessed valuation of which is the basis for the allocation of tax proceeds to the tax increment account pursuant to paragraph (a) of subsection 1 of NRS 278C.250; and

(b)

If the undertaking is a natural resources project or a rail project for which the municipality has received approval from the Interim Finance Committee pursuant to NRS 278C.157:

(1)

The persons from which the tax on the sale or use of tangible personal property is the basis for the allocation of tax proceeds to the tax increment account pursuant to paragraph (b) of subsection 1 of NRS 278C.250; and

(2)

The employers from which the tax imposed pursuant to NRS 363A.130 and 363B.110 is the basis for the allocation of tax proceeds to the tax increment account pursuant to paragraph (c) of subsection 1 of NRS 278C.250.

Source: Section 278C.130 — “Tax increment area” defined., https://www.­leg.­state.­nv.­us/NRS/NRS-278C.­html#NRS278CSec130.

278C.010
Definitions. 278C.015
“Bond requirements” defined. 278C.020
“Clerk” defined. 278C.030
“Cost of the undertaking” defined. 278C.040
“County” defined. 278C.050
“Engineer” defined. 278C.060
“Governing body” defined. 278C.070
“Municipality” defined. 278C.075
“Natural resources project” defined. 278C.080
“Newspaper” defined. 278C.090
“Posting” defined. 278C.100
“Publication” and “publish” defined. 278C.105
“Rail project” defined. 278C.110
“Specially benefited zone” defined. 278C.120
“Tax increment account” defined. 278C.130
“Tax increment area” defined. 278C.140
“Undertaking” defined. 278C.150
Designation of area 278C.155
Creation by cooperative agreement between Nevada System of Higher Education and city in which principal campus of Nevada State College is located or intended to be located. 278C.157
Creation for purpose of certain rail projects or natural resources project 278C.159
Agreement between municipalities for ordering undertaking and creating tax increment area 278C.160
Provisional order: Procedure. 278C.170
Provisional order: Meeting 278C.180
List of residents, retailers and employers within proposed area 278C.190
Verification of posting of notice. 278C.200
Publication of notice 278C.210
Actions at hearing 278C.220
Procedure after hearing 278C.230
Amendment of ordinance creating area 278C.240
Applicability to undertaking of provisions governing payment of prevailing wage. 278C.250
Allocation, division and disposition of money from taxes 278C.260
Limitation upon revenue from taxes ad valorem not applicable. 278C.270
Appeal from adverse order. 278C.280
Securities: Issuance 278C.290
Maturation and payment of securities. 278C.300
Expiration of area. 278C.305
Administration of area created for purpose of carrying out undertaking identified in economic development financing agreement: Authority of Office of Economic Development and Director of Office 278C.310
Effect of chapter.
Last Updated

Jun. 24, 2021

§ 278C.130’s source at nv​.us