Nevada Administrative Code (Last Updated: January 6, 2015)

NAC231A.070. Recapture: “Cash proceeds” and “proceeds” interpreted.

Latest version.

For the purposes of NRS 231A.250, the Department will interpret the terms:

1. “Cash proceeds,” as used in subsection 4 of NRS 231A.250; and

2. “Proceeds,” as used in paragraph (b) of subsection 3 of NRS 231A.250,

Ê to have the meaning ascribed to “purchase price” in NRS 231A.100.

(Added to NAC by Dep’t of Business & Industry by R103-13, eff. 6-23-2014)

                    
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