Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter361 Property Tax |
ASSESSMENTS BY NEVADA TAX COMMISSION |
General Provisions |
NAC361.324. “Interperiod allocation” defined.
Latest version.
- “Interperiod allocation” means an assignment of expenses to a certain period rather than to the period in which the expenses occurred. Income tax expense is so handled in normalization accounting.
[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]