Impact qualified equity investment defined.
Nev. Rev. Stat. § 231A.0757
in effect1. Impact qualified equity investment means any equity investment in, or long-term debt security issued by, an impact qualified community development entity that:
(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;
(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
(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 .
2. 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.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-231A.htmlFetched: 10/4/2026