Nevada Administrative Code
Chapter 231 - Economic Development and Tourism
OFFICE OF ECONOMIC DEVELOPMENT
Transferable Tax Credits to Promote Economic Development
Section 231.385 - Grounds for determination certified entity not in compliance with, and in default on, agreement
Current through September 16, 2024
The Office may find that a certified entity is not in compliance with, and in default on, an agreement entered into with the Office pursuant to NAC 231.375 if the certified entity:
1. Fails to locate, initiate construction or commence operations in this State in accordance with the terms of the agreement;
2. Fails to create the minimum number of primary jobs required by the agreement;
3. Applies for or receives a tax abatement or incentive, other than a tax abatement provided pursuant to NRS 361.4722 or the transferable tax credits authorized by the agreement, from an agency or political subdivision of this State and the tax abatement or incentive was not identified on the application for a certificate of eligibility for transferable tax credits submitted to the Office pursuant to NAC 231.372; or
4. Has been convicted of any crime or found guilty of any malfeasance by a court of competent jurisdiction.
Added to NAC by Office of Economic Dev. by R159-16, eff. 6/26/2018
NRS 231.053, 231.1555
