NRS360.7593. Calculation of amount of credit: Rate of inclusion of wages and salaries paid to nonresidents when calculating base amount of credit. [Effective January 1, 2014, through June 30, 2023.]

      1.  In calculating the base amount of transferable tax credits pursuant to subsection 1 of NRS 360.7592:

      (a) Wages and salaries, including fringe benefits, paid to above-the-line personnel who are not Nevada residents must be included in the calculation at a rate of 12 percent.

      (b) Wages and salaries, including fringe benefits, paid to below-the-line personnel who are not Nevada residents:

             (1) For the period beginning January 1, 2014, and ending December 31, 2015, must be included in the calculation at a rate of 12 percent.

             (2) For the period beginning January 1, 2016, and ending December 31, 2016, must be included in the calculation at a rate of 10 percent.

             (3) For the period beginning January 1, 2017, and ending December 31, 2017, must be included in the calculation at a rate of 8 percent.

      2.  As used in this section, “fringe benefits” means employee expenses paid by an employer for the use of a person’s services, including, without limitation, payments made to a governmental entity, union dues, health insurance premiums, payments to a pension plan and payments for workers’ compensation insurance.

      (Added to NRS by 2013, 3094, effective January 1, 2014)