Nevada Revised Statutes 231A.245 – Qualified low-income community investments: Investments from more than one qualified community development entity; use of certain money for investments
Current as of: 2022 | Check for updates
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1. A qualified community development entity may make a qualified low-income community investment jointly with one or more other qualified community development entities.
2. A 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;
(b) The amount paid to a 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).