NRS360.7591. Calculation of amount of credit: Expenditures and costs eligible to serve as basis for calculation; ineligible expenditures and costs. [Effective January 1, 2014, through June 30, 2023.]

      1.  Qualified expenditures and production costs that may serve as a basis for transferable tax credits issued pursuant to NRS 360.759 must be purchases of tangible personal property or services from a Nevada business on or after the date on which an applicant submits an application for the transferable tax credits, must be customary and reasonable and must relate to:

      (a) Set construction and operation;

      (b) Wardrobe and makeup;

      (c) Photography, sound and lighting;

      (d) Filming, film processing and film editing;

      (e) The rental or leasing of facilities, equipment and vehicles;

      (f) Food and lodging;

      (g) Editing, sound mixing, special effects, visual effects and other postproduction services;

      (h) The payroll for Nevada residents or other personnel who provided services in this State;

      (i) Payment for goods or services provided by a Nevada business;

      (j) The design, construction, improvement or repair of property, infrastructure, equipment or a production or postproduction facility;

      (k) State and local government taxes to the extent not included as part of another cost reported pursuant to this section;

      (l) Fees paid to a producer who is a Nevada resident; and

      (m) Any other transaction, service or activity authorized in regulations adopted by the Office of Economic Development pursuant to NRS 360.759.

      2.  Expenditures and costs:

      (a) Related to:

             (1) The acquisition, transfer or use of transferable tax credits;

             (2) Marketing and distribution;

             (3) Financing, depreciation and amortization;

             (4) The payment of any profits as a result of the qualified production;

             (5) The payment for the cost of the audit required by NRS 360.759; and

             (6) The payment for any goods or services that are not directly attributable to the qualified production;

      (b) For which reimbursement is received, or for which reimbursement is reasonably expected to be received;

      (c) Which provide a pass-through benefit to a person who is not a Nevada resident; or

      (d) Which have been previously claimed as a basis for transferable tax credits,

Ê are not eligible to serve as a basis for transferable tax credits issued pursuant to NRS 360.759.

      (Added to NRS by 2013, 3093, effective January 1, 2014)