2015 Nevada Revised Statutes
Chapter 231A - Nevada New Markets Jobs Act
NRS 231A.210 - Tax credits not to be refunded or sold; allocation of tax credits to partners, members or shareholders of earning entity.
No tax credit claimed under this chapter may be refunded or sold on the open market. Tax credits earned by a partnership, limited-liability company, S corporation or other similar pass-through entity may be allocated to the partners, members or shareholders of such an entity for their direct use in accordance with the provisions of any agreement among such partners, members or shareholders. Such an allocation is not considered a sale for the purpose of this chapter.
(Added to NRS by 2013, 3448)
Disclaimer: These codes may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
