Chapter 231A Nevada New Markets Jobs Act

Sections

231A.170
Qualified active low-income community business: Qualification; limitations; exclusions.
231A.180
Qualified community development entity: Requirement for allocation agreement; additional entities included.
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.
231A.210
Tax credits not to be refunded or sold; allocation of tax credits to partners, members or shareholders of earning entity.
231A.220
Limitations on relationship between insurer or affiliate and qualified community development entity.
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.
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.
231A.250
Circumstances requiring recapture by Department of tax credits.
231A.260
Recapture: Cure period; notice requirement.
231A.270
Designation of investment or security as qualified equity investment by qualified community development entity: Fee.
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.
231A.290
Entity claiming tax credit not required to pay additional taxes resulting from claim of credit.
231A.300
Decertification of qualified equity investment: Circumstances; limitations on distribution and payment on securities by qualified community development entity; notice requirements.
231A.310
Qualified community development entity not entitled to pay to affiliates fees in connection with qualified investments before decertification.
231A.320
Duties of Director: Annual review of qualified community development entity; report to Legislature.