Nevada Administrative Code
Chapter 360 - Revenue and Taxation: Generally
TRANSFERABLE TAX CREDITS FOR FILM AND OTHER PRODUCTIONS
Section 360.865 - Reduction or withholding of credits under certain circumstances; repayment of amount of credits under certain circumstances; circumstances under which Office will not require forfeiture of credits purchased in good faith

1. In calculating the amount of transferable tax credits available to an eligible production company pursuant to NRS 360.7591 to 360.7594, inclusive, the Office may:

2. If the Office finds that a production company is ineligible for transferable tax credits because the production company has submitted any false statement, representation or certification in any document submitted for the purpose of obtaining transferable tax credits or if the Office finds that a production company has otherwise become ineligible for transferable tax credits after receiving a certificate of eligibility, the Office will require the production company to repay to the Department or the Nevada Gaming Control Board, as applicable, any portion of the transferable tax credits to which the production company is not entitled.

3. The Office will not require a person who purchases transferable tax credits in good faith to forfeit the transferable tax credits unless the person submitted fraudulent information in connection with the purchase.