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Nevada Revised Statutes Title 18. State Executive Department § 231A.245. Qualified low-income community investments: Investments from more than one qualified community development entity or impact qualified community development entity; use of certain money for investments

Current as of January 01, 2021 | Updated by FindLaw Staff

1. A qualified community development entity or impact qualified community development entity may make a qualified low-income community investment jointly with one or more other qualified community development entities or impact qualified community development entities.

2. A qualified community development entity or impact qualified community development entity may make a qualified low-income community investment using money attributable to:

(a) The purchase price of a qualified equity investment or impact qualified equity investment;

(b) The amount paid to a qualified community development entity or impact qualified community development entity for a qualified equity investment, as defined in 26 U.S.C. § 45D(b), by an entity that receives a tax credit pursuant to 26 U.S.C. § 45D; or

(c) Any combination of the amounts described in paragraphs (a) and (b).

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 18. State Executive Department § 231A.245. Qualified low-income community investments: Investments from more than one qualified community development entity or impact qualified community development entity; use of certain money for investments - last updated January 01, 2021 | https://codes.findlaw.com/nv/title-18-state-executive-department/nv-rev-st-231a-245/

Read this complete Nevada Revised Statutes Title 18. State Executive Department § 231A.245. Qualified low-income community investments: Investments from more than one qualified community development entity or impact qualified community development entity; use of certain money for investments on Westlaw. Westlaw subscription required.

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