Nevada Administrative Code (Last Updated: January 6, 2015)

NAC680B.250. Credit against tax imposed in succeeding calendar year.

Latest version.

If an insurer is not entitled to a certain amount of the fifty percent credit or the ad valorem credit because it would reduce the amount of tax payable to less than 20 percent of the tax otherwise payable for that year pursuant to the provisions of NRS 680B.027, the insurer may not carry forward that amount of either credit for use as a credit against the tax imposed by NRS 680B.027 in a succeeding calendar year.

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

                    
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