NAC231.210. Certification: Interpretation of certain terms used to determine designation as a tier 1 or tier 2 firm.

For the purpose of determining whether a business satisfies the criteria for certification as a tier 1 firm or a tier 2 firm pursuant to NRS 231.1405, the Office:

     1. Interprets the term “annual gross receipts” to mean the total amount of sales by the business during a fiscal year as reported on the business’s federal income tax return.

     2. Will determine that a business is “involved in providing construction services” if the business:

     (a) Is a person who is licensed pursuant to chapter 624 of NRS and who provides labor, materials, equipment or supplies for the construction, repair or reconstruction of any building, highway, road, railroad, excavation or other structure, project, development or improvement; or

     (b) Employs as an employee of the business a design professional as defined in NRS 338.010.

     3. Will determine that a business is “involved in the sale of goods” if the business sells goods as defined in NRS 104.2105.

     (Added to NAC by Office of Economic Dev. by R102-13, eff. 12-23-2013)