Nev. Admin. Code § 360.845 — 360.845

NAC 360.845    Issuance of transferable tax credits; notice of transfer. ( NRS 360.759 )
1.  Within 14 business days after receipt of
the audit of the qualified production required by paragraph (c) of subsection 2
of NAC 360.830 and any other financial
data, accountings or other information required by the Office, the Office will
determine whether to certify the audit and will make a final determination of
whether to issue a certificate of transferable tax credits. If the Office
determines that it will certify the audit, the Office will notify the producer of
the qualified production of the certification of the audit and the Office’s
intent to issue transferable tax credits.
2.  Not later than 30 days after receipt of
notice of the Office’s intent to issue transferable tax credits, the producer
of the qualified production must submit to the Office an irrevocable
declaration of the amount of transferable tax credits that will be applied to
each tax or fee set forth in subsection 1 of NRS 360.759 .
3.  Upon receipt of the declaration required
by subsection 2, the Office will issue a certificate of transferable tax
credits in the amount approved by the Office for the fees and taxes set forth
in the declaration. The Office will notify the Department and the Nevada Gaming
Control Board of all transferable tax credits issued by the Office, as set
forth in subsection 6 of NRS 360.759 .
4.  Before transferring tax credits for which
a certificate of transferable tax credits has been issued, the producer, or any
subsequent purchaser of the transferable tax credits, must provide to the
Office written notice of the proposed transfer on a form prescribed by the
Office. The notice must include, without limitation:
(a) Contact information for the current holder of
the transferable tax credits represented by the certificate of eligibility and
the person to whom the transferable tax credits will be transferred;
(b) The current state of residence of the current
holder of the transferable tax credits represented by the certificate of
eligibility and the person to whom the transferable tax credits will be
transferred;
(c) Whether the transfer is occurring through a
broker and, if so, the name of the broker and any fees paid in connection with
the transfer;
(d) The dollar amount of the transferable tax
credits to be transferred;
(e) The amount of compensation received by the
seller of the transferable tax credits from the purchaser of the transferable
tax credits; and
(f) The proposed date of the transfer.
(Added to NAC by Office of Economic Dev. by R120-13,
eff. 12-23-2013)