Nev. Rev. Stat. § 231A.040

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 231A.040 - "Applicable percentage" defined

"Applicable percentage" means:

1. With respect to a qualified equity investment, 0 percent for the first two credit allowance dates, 12 percent for the next three credit allowance dates and 11 percent for the next two credit allowance dates.

2. With respect to an impact qualified equity investment, 0 percent for the first two credit allowance dates and 15 percent for the next five credit allowance dates.

NRS 231A.040

Added to NRS by 2013, 3446; A 2023, 3358

Amended by 2023, Ch. 517,§9, eff. 7/1/2023.

Added by 2013, Ch. 532,§4, eff. 6/12/2013 for the purpose of adopting regulations and performing any other preparatory administrative tasks that are necessary to carry out the provisions of this act, and on 10/1/2013 for all other purposes.