NV AB62

Reduces the deadline for submitting final applications for transferable tax credits from 45 days to 15 days before project closing

Allows project sponsors to demonstrate land acquisition through a long-term ground lease instead of requiring fee simple ownership

Expands transfer options by permitting project sponsors to transfer tax credits to members, partners, or any other entity, who may then transfer to additional entities

Increases the total cap on transferable tax credits for affordable housing from $40,000,000 to $100,000,000 across all fiscal years

Changes the 4-year expiration period for tax credits to begin on the date the Division notifies the sponsor that credits will be issued, rather than the actual issuance date