Nevada Revised Statutes — Title 32 (Revenue and Taxation)
Nev. Rev. Stat. § 360.7595 — Procedure for hearing application; commencement of principal photography; duty of production company to submit certain information and complete production within certain period; priority of certain applications
NRS 360.7595 Procedure for hearing application; commencement of principal photography;
duty of production company to submit certain information and complete
production within certain period; priority of certain applications.
1. If the Office of Economic Development
receives an application for transferable tax credits pursuant to NRS 360.759 , the Office shall, not later
than 10 days before a hearing on the application, provide notice of the hearing
to:
(a) The applicant;
(b) The Department; and
(c) The Nevada Gaming Control Board.
2. The notice required by this section
must set forth the date, time and location of the hearing on the application.
The date of the hearing must be not later than 60 days after the Office
receives the completed application.
3. The Office shall issue a decision on
the application not later than 30 days after the conclusion of the hearing on
the application.
4. Except as otherwise provided in this
subsection, if the application is approved, principal photography of the
qualified production must begin not more than 90 days after the date on which
the decision on the application is issued. The Office of Economic Development:
(a) Shall prescribe by regulation the procedure
for determining the date of commencement of qualified productions that do not
include photography for the purposes of this section.
(b) May extend by not more than 90 days the
period otherwise prescribed by this subsection.
5. A production company that produces a
qualified production shall submit the audit required by NRS 360.759 and all other required
information to the Office and the Department within the time required by
paragraph (e) of subsection 3 of NRS 360.759 .
Production of the qualified production must be completed within 18 months after
the date of commencement of principal photography. If the Office or the
Department determines that information submitted pursuant to this subsection is
incomplete, the production company shall, not later than 30 days after
receiving notice that the information is incomplete, provide to the Office or
the Department, as applicable, all additional information required by the
Office or the Department.
6. The Office shall give priority to the
approval and processing of an application relating to a qualified production
that promotes tourism in the State of Nevada.
Source: official text