NRS 274.310 – Abatement for locating business in certain areas of economic development: Endorsement required; application; requirements for approval; certificate of eligibility; duration and amount of abatement; repayment required under certain circumstances; regulations; judicial review. [Effective through June 30, 2032.] Abatement for locating business in certain areas of economic development: Endorsement required; application; requirements for approval; certificate of eligibility; repayment required under certain circumstances; regulations; judicial review. [Effective July 1, 2032.]
1. A person who intends to locate a business in this State within: (a) A historically underutilized business zone, as defined in 15 U.S.C. § 632; (b) A redevelopment area created pursuant to chapter 279 of NRS; (c) An area eligible for a community development block grant pursuant to 24 C.F.R. Part 570; or (d) […]
NRS 274.320 – Abatement for expanding business in certain areas of economic development: Endorsement required; application; requirements for approval; certificate of eligibility; duration and amount of abatement; repayment required under certain circumstances; regulations; judicial review. [Effective through June 30, 2032.] Abatement for expanding business in certain areas of economic development: Endorsement required; application; requirements for approval; certificate of eligibility; repayment required under certain circumstances; regulations; judicial review. [Effective July 1, 2032.]
1. A person who intends to expand a business in this State within: (a) A historically underutilized business zone, as defined in 15 U.S.C. § 632; (b) A redevelopment area created pursuant to chapter 279 of NRS; (c) An area eligible for a community development block grant pursuant to 24 C.F.R. Part 570; or (d) […]
NRS 274.330 – Abatement for businesses in certain areas of economic development that hire dislocated workers: Endorsement required; application; requirements for approval; certificate of eligibility; duration and amount of abatement; repayment required under certain circumstances; regulations; judicial review. [Effective through June 30, 2032.] Abatement for businesses in certain areas of economic development that hire dislocated workers: Endorsement required; application; requirements for approval; certificate of eligibility; repayment required under certain circumstances; regulations; judicial review. [Effective July 1, 2032.]
1. A person who owns a business which is located within an enterprise community established pursuant to 24 C.F.R. Part 597 in this State may submit a request to the governing body of the county, city or town in which the business is located for an endorsement of an application by the person to the […]
NRS 274.240 – Powers of designating municipality: Issuing securities; reducing certain taxes, fees or service charges; improving governmental services; providing financing; cooperating with other governmental agencies.
To encourage the revitalization of specially benefited zones, the governing body of a designating municipality may: 1. Issue bonds or other securities authorized by other law for the purposes of economic development and use the proceeds for loans to any new or expanding qualified businesses in the specially benefited zone. 2. Reduce or eliminate any […]
NRS 274.250 – Powers of designating municipality: Delegation of services to private organizations.
1. A designating municipality may, by ordinance, delegate one or more of the services or functions described in subsection 2 to one or more qualified private organizations. For the purposes of this section, an organization is qualified if: (a) Its constituency is composed substantially of residents of the specially benefited zone; (b) It has a […]
NRS 274.260 – Proposal by business to participate in benefits of zone; contents of proposal.
Any business that wishes to participate in the benefits specifically authorized for qualified businesses in this chapter must first submit a proposal to the governing body of the designating municipality. The proposal must contain the following information: 1. An estimate of the number of new employees whom the business intends to hire for its place […]
NRS 274.270 – Investigation by governing body of proposal by business to participate in benefits of zone; requirements for hiring certain employees; review of compliance with agreement; filing of information.
1. The governing body shall investigate the proposal made by a business pursuant to NRS 274.260, and if it finds that the business is qualified by financial responsibility and business experience to create and preserve employment opportunities in the specially benefited zone and improve the economic climate of the municipality and finds further that the […]
NRS 274.280 – Procedure to amend ordinance designating zone.
1. The terms of a certified ordinance designating a specially benefited zone may be amended to: (a) Alter the boundaries of the zone; (b) Limit or repeal financial incentives or benefits provided in the ordinance; or (c) Alter the date for terminating the zone. The amendment does not become effective unless the Governor issues an […]
NRS 274.290 – Termination of zone.
A specially benefited zone may be terminated by joint action of the Governor and the designating municipality. The designating municipality shall conduct at least one public hearing within the zone before adopting its ordinance of termination. The mayor of the designating city or the chair of the governing body of the designating county shall execute […]
NRS 274.300 – Effect upon benefits if zone terminated or modified or benefits reduced or eliminated.
Where a specially benefited zone is terminated under NRS 274.290, or the length of the term or the area of a zone is reduced, or the benefits available in a zone are reduced or eliminated: 1. All benefits previously extended within the zone pursuant to this chapter, or pursuant to any other law of this […]