Nevada Administrative Code
Chapter 360 - Revenue and Taxation: Generally
PARTIAL ABATEMENT OF CERTAIN TAXES
Abatements for New or Expanded Business
Section 360.4765 - Minimum period of employment of required number of employees

Universal Citation: NV Admin Code 360.4765

Current through September 16, 2024

If the Commission approves an application for a partial abatement of the taxes imposed pursuant to chapter 364A or 374 of NRS, the applicant must employ the number of employees required by the Commission for approval of the application by the last day of the first fourth quarter that the applicant has been in operation after the partial abatement has been approved by the Commission and must continue to employ at least that number of employees for:

1. At least 5 years; or

2. The period specified in the agreement executed by the applicant with the Commission pursuant to paragraph (b) of subsection 2 of NRS NRS 360.750,

whichever is later, after the last day of that fourth quarter.

Added to NAC by Tax Comm'n by R109-01, eff. 5-13-2002

NRS 360.750, 364A.170, 374.357

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