1. A qualified community development entity or impact qualified community development entity may make a qualified low-income community investment jointly with one or more other qualified community development entities or impact qualified community development entity. 2. A qualified community development entity or impact qualified community development entity may make a qualified low-income community investment using money attributable to: (a) The purchase price of a qualified equity investment or impact qualified equity investment; (b) The amount paid to a qualified community development entity or impact qualified community development entity for a qualified equity investment, as defined in 26 U.S.C. § 45D(b), by an entity that receives a tax credit pursuant to 26 U.S.C. § 45D; or (c) Any combination of the amounts described in paragraphs (a) and (b). (Added to NRS by 2019, 3696; A 2023, 3363)
Nevada Legal Code