2015 Nevada Revised Statutes
Chapter 360 - General Provisions
NRS 360.7591 - Calculation of amount of credit: Expenditures and costs eligible to serve as basis for calculation; ineligible expenditures and costs. [Effective through June 30, 2023.]

1. Qualified expenditures and production costs that may serve as a basis for transferable tax credits issued pursuant to NRS 360.759 must be purchases of tangible personal property or services from a Nevada business on or after the date on which an applicant submits an application for the transferable tax credits, must be customary and reasonable and must relate to:

(a) Set construction and operation;

(b) Wardrobe and makeup;

(c) Photography, sound and lighting;

(d) Filming, film processing and film editing;

(e) The rental or leasing of facilities, equipment and vehicles;

(f) Food and lodging;

(g) Editing, sound mixing, special effects, visual effects and other postproduction services;

(h) The payroll for Nevada residents or other personnel who provided services in this State;

(i) Payment for goods or services provided by a Nevada business;

(j) The design, construction, improvement or repair of property, infrastructure, equipment or a production or postproduction facility;

(k) State and local government taxes to the extent not included as part of another cost reported pursuant to this section;

(l) Fees paid to a producer who is a Nevada resident; and

(m) Any other transaction, service or activity authorized in regulations adopted by the Office of Economic Development pursuant to NRS 360.759.

2. Expenditures and costs:

(a) Related to:

(1) The acquisition, transfer or use of transferable tax credits;

(2) Marketing and distribution;

(3) Financing, depreciation and amortization;

(4) The payment of any profits as a result of the qualified production;

(5) The payment for the cost of the audit required by NRS 360.759; and

(6) The payment for any goods or services that are not directly attributable to the qualified production;

(b) For which reimbursement is received, or for which reimbursement is reasonably expected to be received;

(c) Which provide a pass-through benefit to a person who is not a Nevada resident; or

(d) Which have been previously claimed as a basis for transferable tax credits,

↪ are § 360Sec759">NRS 360.759.

(Added to NRS by 2013, 3093)