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2025 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 or impact qualified community development entity; use of certain money for investments.

Universal Citation:
NV Rev Stat § 231A.245 (2025)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
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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).

(Added to NRS by 2019, 3696; A 2023, 3363)

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