Nevada Legislation would Revise State NMTC Program
Legislation introduced in Nevada would revise the state’s new markets tax credit. A.B. 446 would allow a community development entity (CDE) to make a qualified low-income community investment jointly with another CDE, including with money from investments made in a CDE for which the entity received tax credits. The legislation would also allow a business that has received certain abatements from taxation to be eligible as a qualified active low-income community business.