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Nevada Revised Statutes Title 18. State Executive Department § 231.0685. Office of Economic Development: Biennial report to Legislature concerning abatements from taxation approved by the Office

Current as of January 01, 2025 | Updated by Findlaw Staff

<Section effective until June 30, 2035, when it expires by limitation. See, also, section 231.0685 effective July 1, 2035, through Dec. 31, 2056, when it expires by limitation, and NRS 231.0685 effective Jan. 1, 2057.>

The Office shall, on or before January 15 of each odd-numbered year, prepare and submit to the Director of the Legislative Counsel Bureau for transmission to the Legislature a report concerning the abatements from taxation that the Office approved pursuant to NRS 274.310, 274.320, 274.330, 360.750, 360.753 or 360.754. The report must set forth, for each abatement from taxation that the Office approved during the fiscal years which are 3 fiscal years and 6 fiscal years immediately preceding the submission of the report:

1. The dollar amount of the abatement;

2. The location of the business for which the abatement was approved;

3. The value of infrastructure included as an incentive for the business;

4. If applicable, the number of employees that the business for which the abatement was approved employs or will employ;

5. Whether the business for which the abatement was approved is a new business or an existing business;

6. The economic sector in which the business operates, the number of primary jobs related to the business, the average wage paid to employees of the business and the assessed values of personal property and real property of the business;

7. Any information concerning whether the business for which the abatement was approved participates or has participated in a program of workforce development, as defined in NRS 231.146, implemented by the Executive Director; and

8. Any other information that the Office determines to be useful.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 18. State Executive Department § 231.0685. Office of Economic Development: Biennial report to Legislature concerning abatements from taxation approved by the Office - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-18-state-executive-department/nv-rev-st-231-0685/

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