Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter361 Property Tax |
ASSESSMENTS BY NEVADA TAX COMMISSION |
General Provisions |
NAC361.286. “Fixed expenses” defined.
Latest version.
- “Fixed expenses” means those expenses of a business enterprise which do not vary in relation to changes in volume of output such as interest on borrowed funds, insurance or general overhead expenses.
[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]