Nev. Admin. Code § 360.4765 — 360.4765

NAC 360.4765    Minimum period of employment of required number of employees. ( NRS 360.750 , 364A.170 , 374.357 )    If the
Commission approves an application for a partial abatement of the taxes imposed
pursuant to chapter
364A or 374 of NRS, the applicant
must employ the number of employees required by the Commission for approval of
the application by the last day of the first fourth quarter that the applicant
has been in operation after the partial abatement has been approved by the
Commission and must continue to employ at least that number of employees for:
1.  At least 5 years; or
2.  The period specified in the agreement
executed by the applicant with the Commission pursuant to paragraph (b) of
subsection 2 of NRS 360.750 ,
Ê whichever is
later, after the last day of that fourth quarter.
(Added to NAC by Tax Comm’n by R109-01, eff. 5-13-2002)