Nevada Administrative Code
Chapter 360 - Revenue and Taxation: Generally
TRANSFERABLE TAX CREDITS FOR FILM AND OTHER PRODUCTIONS
Section 360.835 - Certificate of eligibility: Duties of Office; hearing; order approving application; factors for determining whether qualified production is in economic interest of State

1. Upon receipt of a completed application for a certificate of eligibility submitted pursuant to paragraph (a) of subsection 2 of NAC 360.830 and the information required by paragraph (b) of subsection 2 of NAC 360.830, the staff of the Office shall:

2. A hearing on an application for a certificate of eligibility must be conducted by the Executive Director or his or her designee not later than 60 days after the Office receives the application. Not later than 10 days before the date of the hearing, the Office will provide notice of the date, time and location of the hearing to:

3. Not later than 30 days after the conclusion of the hearing on the application for a certificate of eligibility, the Executive Director or his or her designee will determine whether to approve the application for a certificate of eligibility. If, after the conclusion of the hearing, the Executive Director or his or her designee finds that the applicant meets the qualifications set forth in paragraph (b) of subsection 2 of NAC 360.830, the Office may issue a final order approving the application for a certificate of eligibility and determining an estimate of the amount of transferable tax credits available if a certificate of eligibility is issued. The Office will provide notice of its determination and, if the application is approved, a copy of the final order to the applicant, the Department and the Nevada Gaming Control Board.

4. If the Office approves an application for a certificate of eligibility, the Office will execute a memorandum of understanding with the production company producing the qualified production on a form prescribed by the Office and include a copy of the memorandum of understanding with the copy of the final order approving the application which is provided to the applicant, the Department and the Nevada Gaming Control Board pursuant to subsection 3.

5. For the purpose of determining whether a qualified production is in the economic interest of this State, the Executive Director shall consider: