Nevada § 360.7596 - Abatement of city or county permitting fee or licensing fee; reporting of such abatements to Governor and Legislature

§ 360.7596. Abatement of city or county permitting fee or licensing fee; reporting of such abatements to Governor and Legislature

1. For the purpose of encouraging local economic development, the governing body of

a city or county may grant to a production company that produces a qualified production

for which a certificate of eligibility for transferable tax credits has been approved

pursuant to NRS 360.759 an abatement of all or any percentage of the amount of any permitting fee or licensing

fee which the local government is authorized to impose or charge pursuant to chapter 244 or 268 of NRS . 2. Before granting any abatement pursuant to this section, the governing body of the

city or county must provide by ordinance for a pilot project for granting abatements

to production companies for which a certificate of eligibility for transferable tax

credits has been approved pursuant to NRS 360.759 . 3. A governing body of a city or county that grants an abatement pursuant to this

section shall, on or before October 1 of each year in which such an abatement is granted,

prepare and submit to the Governor and to the Director of the Legislative Counsel

Bureau for transmittal to the Legislature an annual report which includes, for the

immediately preceding fiscal year: (a) The number of qualified productions produced within the jurisdiction of the governing

body for which a certificate of eligibility for transferable tax credits was approved; (b) The number and dollar value of the abatements granted by the governing body pursuant

to this section; (c) The number of persons within the jurisdiction of the governing body that were

employed by each qualified production and the amount of wages paid to those persons;

and (d) The period during which each qualified production was produced within the jurisdiction

of the governing body.