NRS360.7597. Repayment of amount of credit required under certain circumstances. [Effective January 1, 2014, through June 30, 2023.]

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1. A producer that is found to have submitted any false statement, representation or certification in any document submitted for the purpose of obtaining transferable tax credits or who otherwise becomes ineligible for transferable tax credits after receiving the transferable tax credits pursuant to NRS 360.759 shall repay to the Department or the State Gaming Control Board, as applicable, any portion of the transferable tax credits to which the producer is not entitled.

2. Transferable tax credits purchased in good faith are not subject to forfeiture unless the transferee submitted fraudulent information in connection with the purchase.

(Added to NRS by 2013, 3097, effective January 1, 2014)

                    
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