Nevada § 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

Nevada Statutes

§ 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

Nevada § 231A.245

Title 18STATE EXECUTIVE DEPARTMENT

Ch. 231ANevada

This text of Nevada § 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) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 231A.245 (2026).

Text

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

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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).