Nevada Revised Statutes 374.643 – Credit or refund of tax for business within zone for economic development
1. Each person who holds a valid certificate, issued under NRS 274.270, as a qualified business within a specially benefited zone may file for a credit or refund to recover the amount of tax paid under this chapter for all tangible personal property purchased in the conduct of its business for the period, not to exceed 5 years, stated in its agreement with the city or county, as the case may be, made under NRS 274.270, or until the person is no longer certified as a qualified business under that section, whichever occurs first.
Terms Used In Nevada Revised Statutes 374.643
- county: includes Carson City. See Nevada Revised Statutes 0.033
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
- Personal property: All property that is not real property.
2. Claims for credit or refund may be filed under this section only if:
(a) The city or county which designated the specially benefited zone has adopted an ordinance authorizing such claims; and
(b) This benefit is specified in the agreement made under NRS 274.270.