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2022 Nevada Revised Statutes
Chapter 231A - Nevada New Markets Jobs Act
NRS 231A.245 - Qualified low-income community investments: Investments from more than one qualified community development entity; use of certain money for investments.
Universal Citation: NV Rev Stat § 231A.245 (2022)
1. A qualified community development entity may make a qualified low-income community investment jointly with one or more other qualified community development entities.
2. A 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;
(b) The amount paid to a 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).
(Added to NRS by 2019, 3696)
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