{"data":{"id":"us-nv/nrs-231a.0757","jurisdiction":"us-nv","citation":"NRS 231A.0757","heading":"“Impact qualified equity investment” defined.","body":"1. “Impact qualified equity investment” means any equity investment in, or long-term debt security issued by, an impact qualified community development entity that:\n(a) Except as otherwise provided in this section, is acquired after July 1, 2024, solely in exchange for cash at the original issuance of the equity investment;\n(b) Has at least 85 percent of the cash purchase price of the equity investment used by the issuer to make qualified low-income community investments in impact qualified active low-income community businesses located in this State by the first anniversary of the initial credit allowance date; and\n(c) Is designated by the issuer as an impact qualified equity investment under this section and is certified by the Department as complying with the limitations contained in subsection 6 of NRS 231A.230.\n2. The term includes an investment that does not meet the requirements of subsection 1 if the investment was an impact qualified equity investment in the possession or control of a prior holder.","path":["TITLE 18 — STATE EXECUTIVE DEPARTMENT","CHAPTER 231A - NEVADA NEW MARKETS JOBS ACT"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-231A.html#NRS231ASec0757","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:34Z","sha256":"17cfb9093645d71081a071a2d13b68bd0d526b34bbd544258780aa998e32d91c","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-231a.0755","next":"us-nv/nrs-231a.080"},"notice":"GroundRules: Original legal text. Not legal advice."}