NAC361.038. Requirements to receive credit for donations to certain museums.

Latest version.

For a taxpayer to receive a credit for a donation to a museum that provides exhibits specifically related to nature or a museum that provides exhibits specifically related to children, such a museum must be operated by an organization that:

1. Qualifies for exemption from taxation pursuant to section 501(c)(3) of the Internal Revenue Code; and

2. The net earnings of which do not inure to the benefit of any private shareholder or other person.

(Added to NAC by Tax Comm’n by R047-01, eff. 12-17-2002)

                    
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