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NV
Nevada New Markets Jobs Act
The Nevada New Markets Jobs Act provides insurance premium tax credits to attract investment into qualified low-income community businesses.
About this program
The Nevada New Markets Jobs Act authorizes tax credits to qualified community development entities that make qualified low-income community investments in Nevada. The program is intended to attract private capital to businesses and projects in low-income communities. Credits are claimed against Nevada insurance premium tax over a multiyear period after allocation and investment requirements are met.
Eligibility
Qualified community development entities and qualified active low-income community businesses receiving eligible investments in Nevada.
Requirements
- Investment must be made through an approved qualified community development entity.
- Funds must be invested in a qualified active low-income community business in Nevada.
- Applicant must comply with Nevada New Markets Jobs Act allocation requirements.