Nev. Rev. Stat. § 360.7573 — Authority of Board of Economic Development to deny or condition approval of abatement, partial abatement or transferable tax credits if approval not in best interests of State; factors to consider in determining best interests of State

NRS  360.7573    Authority of Board of Economic Development to deny or condition
approval of abatement, partial abatement or transferable tax credits if
approval not in best interests of State; factors to consider in determining
best interests of State.
1.  Notwithstanding any other provisions of
law, if the Board of Economic Development determines, with respect to an
application for an abatement or partial abatement of taxes or for transferable
tax credits which is reviewed by the Board, that granting the full amount of
the abatement, partial abatement or transferable tax credits requested or to
which the applicant would otherwise be entitled is not in the best interests of
the State, the Board must:
(a) Deny the application; or
(b) Approve the application but for a lesser
amount, or otherwise place conditions on the approval of the abatement, partial
abatement or transferable tax credits.
2.  In determining whether granting the
full amount of an abatement, partial abatement or transferable tax credits is
in the best interests of the State for the purposes of subsection 1, the Board
of Economic Development may consider the following factors, with respect to the
business that is the subject of the application:
(a) The projected water consumption of the
business, particularly if the business is or will be located in a region with
limited water resources, with the goal of promoting the sustainable use of the
water supplies in this State.
(b) The alignment of the business with the social
objectives of the State, including, without limitation, the promotion of
equity, education and community well-being.
(c) The potential environmental impact of the
business, including, without limitation, the likelihood of a significant
adverse effect on air quality, water quality or local ecosystems.
(d) The alignment of the business with the
economic objectives of the State, including, without limitation, the creation
of jobs, the diversification of the economy of the State and the long-term
economic development of the State.
(e) The anticipated impact of the business on
local communities, including, without limitation, the impact on traffic,
infrastructure and community resources.
(f) The financial stability and viability of the
business, including, without limitation, signs of financial instability that
may pose a risk to state investments.
3.  The Board of Economic Development may
consider the factors listed in subsection 2 with respect to any other decision
which the Board is authorized to make with respect to an application for an
abatement, partial abatement or transferable tax credits, including, without
limitation, the duration of the abatement, partial abatement or transferable
tax credits.