Nev. Rev. Stat. § 360.217 — Duty of Department to adopt regulations to implement credit against certain taxes for matching employee contributions to college savings trust accounts

NRS  360.217    Duty of Department to adopt regulations to implement credit
against certain taxes for matching employee contributions to college savings
trust accounts.
1.  The Department shall adopt regulations
to implement the provisions of NRS
363A.137 and 363B.117 .
2.  The regulations adopted pursuant to
this section:
(a) Must include, without limitation, procedures
for claiming a credit provided for by NRS
363A.137 and 363B.117 .
(b) Must not include any requirement that the
Board of Trustees of the College Savings Plans of Nevada created by NRS 353B.005 submit any reports to the
Department regarding the contributions described in NRS 363A.137 and 363B.117 .
3.  Any regulations adopted pursuant to
this section regarding any deadline by which an employer, as that term is
defined in NRS 363A.030 or 363B.030 , must make a contribution in
order to claim a credit provided for by NRS
363A.137 and 363B.117 must, to the
extent practicable, be consistent with any regulations adopted pursuant to this
title regarding any similar deadline by which such an employer must make a
contribution to a plan authorized by 26 U.S.C. § 401(k).