Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter319 Assistance to Finance Housing |
TAX CREDITS FOR LOW-INCOME HOUSING |
NAC319.965. “Tax credit” defined.
Latest version.
- “Tax credit” means a credit or reduction in federal tax liability each year for a period of 10 years that is awarded to an owner of rental housing or his or her assigns pursuant to section 42 of the Code.
(Added to NAC by Housing Div. by R057-97, eff. 1-15-98)