Section 231.372 - Application for certificate of eligibility; assistance by Office and Executive Director; determination on application1. A person who wishes to apply for a certificate of eligibility for transferable tax credits pursuant to NRS 231.1555 must submit an application to the Office on a form prescribed by the Executive Director. The application must include, without limitation:(a) A summary of the proposed expansion or relocation of the business that will expand or relocate in this State;(b) Evidence that the business that will expand or relocate in this State has the financial ability to implement its plan to expand or relocate in this State;(c) A statement of the reasons that the granting of the certificate of eligibility will promote the economic development of this State and aid the implementation of the State Plan for Economic Development;(d) A projection of the number of primary jobs that will be created as a result of the granting of the certificate of eligibility;(e) A projection of the amount of the capital investment that will be made in this State as a result of the granting of the certificate of eligibility;(f) An estimate of the economic impact of the granting of the certificate of eligibility, including, without limitation, an estimate of the tax revenue that will be generated as a result of the granting of the certificate of eligibility; and(g) Any other information deemed necessary by the Executive Director.2. The Office may assist a person with the development of the information to be included in an application submitted pursuant to subsection 1.3. The Executive Director may make recommendations to an applicant for the revision of an application submitted pursuant to subsection 1, and the applicant may revise the application upon receipt of any such recommendations.4. Upon receipt of a completed application submitted pursuant to subsection 1, the Executive Director will review the application and determine whether granting the application will promote the economic development of this State and aid the implementation of the State Plan for Economic Development.Nev. Admin. Code § 231.372
Added to NAC by Office of Economic Dev. by R159-16, eff. 6/26/2018