NAC680B.210. Application of fifty percent credit and ad valorem credit against tax imposed for privilege of transacting business in this State.  


Latest version.
  •      1. Except as otherwise provided in NAC 680B.240, an insurer who has established to the satisfaction of the Executive Director that it meets all the requirements set forth in NRS 680B.050 and 680B.055 may apply:

         (a) The fifty percent credit; and

         (b) The ad valorem credit,

    Ê against the tax imposed by NRS 680B.027.

         2. Such an insurer shall apply these credits pursuant to the provisions of NAC 680B.220 to 680B.250, inclusive.

     (Added to NAC by Tax Comm’n by R006-98, eff. 11-20-98)