Nev. Admin. Code § 360.860 — 360.860

NAC 360.860    Calculation of amount of transferable tax credits: Expenditures
for wages and salaries. ( NRS
360.759 )
1.  For the purpose of calculating the amount
of transferable tax credits available to an eligible producer pursuant to NRS 360.7591 to 360.7594 , inclusive, expenditures
for wages and salaries, including fringe benefits, paid to Nevada residents or
other personnel who provided services in this State may be included in the
calculation:
(a) Only if the expenditures are qualified
expenditures and production costs that may serve as a basis for transferable
tax credits in accordance with NRS
360.7591 to 360.7594 ,
inclusive, and NAC 360.855 .
(b) In the case of an employee who is a Nevada
resident, in the amount stated as wages, tips and other compensation on the
Form W-2 received by the employee, plus the amount paid by the employer for the
fringe benefits of the employee, except that the amount included in the
calculation for compensation payable to an employee for providing labor
services on the production of the qualified production must not exceed
$750,000.
(c) In the case of an employee who is not a Nevada
resident, in the amount determined in accordance with NRS 360.7593 and subsection 3 of NRS 360.7594 .
2.  As used in this section, “fringe
benefits” has the meaning ascribed to it in NRS 360.7593 and includes, without
limitation, payments by an employer for unemployment insurance, FICA, pension
and welfare benefits, health insurance premiums and meal and hotel per diems
incurred in this State.
(Added to NAC by Office of Economic Dev. by R120-13,
eff. 12-23-2013)