Nev. Rev. Stat. § 360.7597 — Repayment of amount of credit required under certain circumstances

NRS  360.7597    Repayment of amount of credit required under certain
circumstances.
1.  A production company that is found to
have submitted any false statement, representation or certification in any
document submitted for the purpose of obtaining transferable tax credits or who
otherwise becomes ineligible for transferable tax credits after receiving the
transferable tax credits pursuant to NRS
360.759 shall repay to the Department or the Nevada Gaming Control Board,
as applicable, any portion of the transferable tax credits to which the
production company is not entitled.
2.  Transferable tax credits purchased in
good faith are not subject to forfeiture or repayment by the transferee unless
the transferee submitted fraudulent information in connection with the
purchase.