Nevada § 360.869 Repayment of tax credits to which project sponsor not entitled

Nevada Statutes

§ 360.869 — Repayment of tax credits to which project sponsor not entitled

Nevada § 360.869

Title 32REVENUE AND TAXATION

Ch. 360General

TRANSFERABLE TAX CREDITS FOR AFFORDABLE HOUSING

This text of Nevada § 360.869 (Repayment of tax credits to which project sponsor not entitled) 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. § 360.869 (2026).

Text

1.A project sponsor that is found to have submitted any false statement or made any false representation in any document submitted for the purpose of obtaining transferable tax credits pursuant to NRS 360.860 to 360.870 , inclusive, or that fails to comply with the requirements of the qualified allocation plan or the declaration of restrictive covenants and conditions shall repay to the Department or the Nevada Gaming Control Board, as applicable, any portion of the transferable tax credits to which the project sponsor is not entitled.

2.Transferable tax credits purchased in good faith are not subject to forfeiture or repayment by the transferee unless the transferee submitted fraudulent information in connection with the purchase.

Free access — add to your briefcase to read the full text and ask questions with AI

1. A project sponsor that is found to have submitted any false statement or made any false representation in any document submitted for the purpose of obtaining transferable tax credits pursuant to NRS 360.860 to 360.870 , inclusive, or that fails to comply with the requirements of the qualified allocation plan or the declaration of restrictive covenants and conditions shall repay to the Department or the Nevada Gaming Control Board, as applicable, any portion of the transferable tax credits to which the project sponsor is not entitled.
2. Transferable tax credits purchased in good faith are not subject to forfeiture or repayment by the transferee unless the transferee submitted fraudulent information in connection with the purchase.