Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter361 Property Tax |
ASSESSMENTS BY NEVADA TAX COMMISSION |
General Provisions |
NAC361.264. “Deferred federal income taxes” defined.
Latest version.
- “Deferred federal income taxes” means the estimated income tax on the excess of net revenues, recognized for accounting purposes, over that reported for tax purposes.
[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]—(NAC A 9-30-88)