Nevada § 360.892 - Limitations on amounts of transferable tax credits which may be issued by Office of Economic Development
Full text of Nevada Nevada Revised Statutes § 360.892 — Limitations on amounts of transferable tax credits which may be issued by Office of Economic Development, with citation guidance and answers to common questions.
§ 360.892. Limitations on amounts of transferable tax credits which may be issued by Office of Economic Development
shall not approve transferable tax credits: (a) For Fiscal Year 2017-2018, 2018-2019, 2019-2020, 2020-2021, 2021-2022, 2022-2023,
2023-2024 or 2024-2025, if approval of the transferable tax credits would cause the
total amount of transferable tax credits issued pursuant to NRS 360.880 to 360.896 , inclusive, in that Fiscal Year to exceed $7,600,000. (b) For a fiscal year beginning on or after July 1, 2025. 2. The total amount of transferable tax credits issued pursuant to NRS 360.880 to 360.896 , inclusive, to all qualified projects in this State must not exceed $38,000,000. 3. If in any fiscal year the Office does not approve an amount of transferable tax
credits equal to the total amount authorized by paragraph (a) or (b) of subsection
1, the remaining amount of transferable tax credits must be carried forward and made
available for approval during subsequent fiscal years ending on or before June 30,
2025. 4. Each transferable tax credit issued pursuant to NRS 360.880 to 360.896 , inclusive, expires 4 years after the date on which the transferable tax credit is
issued to the lead participant. A transferable tax credit issued pursuant to NRS 360.880 to 360.896 , inclusive, may be transferred only once.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 360.892
What does Nevada Revised Statutes § 360.892 cover?
Section 360.892 ("Limitations on amounts of transferable tax credits which may be issued by Office of Economic Development") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 360.892?
A common citation format is "Nevada Revised Statutes § 360.892" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 360.892 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.