Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 360.217 - Duty of Department to adopt regulations to implement credit against certain taxes for matching employee contributions to college savings trust accounts1. The Department shall adopt regulations to implement the provisions of NRS 363A.137 and 363B.117.2. The regulations adopted pursuant to this section:(a) Must include, without limitation, procedures for claiming a credit provided for by NRS 363A.137 and 363B.117.(b) Must not include any requirement that the Board of Trustees of the College Savings Plans of Nevada created by NRS 353B.005 submit any reports to the Department regarding the contributions described in NRS 363A.137 and 363B.117.3. Any regulations adopted pursuant to this section regarding any deadline by which an employer, as that term is defined in NRS 363A.030 or 363B.030, must make a contribution in order to claim a credit provided for by NRS 363A.137 and 363B.117 must, to the extent practicable, be consistent with any regulations adopted pursuant to this title regarding any similar deadline by which such an employer must make a contribution to a plan authorized by 26 U.S.C. § 401(k).Added to NRS by 2015, 2449Added by 2015, Ch. 426,§4, eff. 1/1/2016.