Nevada § 360.870 Duty of Housing Division of Department of Business and Industry to prepare and submit annual reports; contents of annual reports

Nevada Statutes

§ 360.870 — Duty of Housing Division of Department of Business and Industry to prepare and submit annual reports; contents of annual reports

Nevada § 360.870

Title 32REVENUE AND TAXATION

Ch. 360General

TRANSFERABLE TAX CREDITS FOR AFFORDABLE HOUSING

This text of Nevada § 360.870 (Duty of Housing Division of Department of Business and Industry to prepare and submit annual reports; contents of annual reports) 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. § 360.870 (2026).

Text

The Division shall, on or before October 1 of each year, prepare and submit to the Governor and to the Director of the Legislative Counsel Bureau for transmittal to the Legislature an annual report which includes, for the immediately preceding fiscal year:

1.The number of applications submitted for a certificate of eligibility for transferable tax credits pursuant to NRS 360.867 ;

2.The number of projects for which transferable tax credits were approved;

3.Each type of project for which transferable tax credits were approved;

4.The amount of transferable tax credits approved;

5.The amount of transferable tax credits used;

6.The amount of transferable tax credits transferred;

7.The amount of transferable tax credits taken against each allowable fee or tax, including the actual amount

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The Division shall, on or before October 1 of each year, prepare and submit to the Governor and to the Director of the Legislative Counsel Bureau for transmittal to the Legislature an annual report which includes, for the immediately preceding fiscal year:
1. The number of applications submitted for a certificate of eligibility for transferable tax credits pursuant to NRS 360.867 ;
2. The number of projects for which transferable tax credits were approved;
3. Each type of project for which transferable tax credits were approved;
4. The amount of transferable tax credits approved;
5. The amount of transferable tax credits used;
6. The amount of transferable tax credits transferred;
7. The amount of transferable tax credits taken against each allowable fee or tax, including the actual amount used and outstanding, in total and for each project; and
8. The number of units of affordable housing created because of the issuance of transferable tax credits pursuant to NRS 360.867 . As used in this subsection, “unit of affordable housing” means a residential unit in a project that is a rent-restricted unit, as defined in 26 U.S.C. § 42(g)(2).