Nev. Rev. Stat. § 231A.245

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 231A.245 - Qualified low-income community investments: Investments from more than one qualified community development entity or impact qualified community development entity; use of certain money for investments
1. A qualified community development entity or impact qualified community development entity may make a qualified low-income community investment jointly with one or more other qualified community development entities or impact qualified community development entity.
2. A qualified community development entity or impact qualified community development entity may make a qualified low-income community investment using money attributable to:
(a) The purchase price of a qualified equity investment or impact qualified equity investment;
(b) The amount paid to a qualified community development entity or impact qualified community development entity for a qualified equity investment, as defined in 26 U.S.C. § 45D(b), by an entity that receives a tax credit pursuant to 26 U.S.C. § 45D; or
(c) Any combination of the amounts described in paragraphs (a) and (b).

NRS 231A.245

Added to NRS by 2019, 3696; A 2023, 3363
Amended by 2023, Ch. 517,§18, eff. 7/1/2023.
Added by 2019, Ch. 573,§1, eff. 7/1/2019.