NAC361.433. Deductions from taxable value.

Latest version.

     1. The value and not the cost of any vehicles licensed in Nevada will be deducted from the taxable value of the property which was allocated to Nevada.

     2. For telecommunications companies, property on lands ceded to the United States Government before 1936 will also be deducted. Cost less depreciation as reported by the company will be used.

     3. The value and not the cost of certified pollution control equipment directly related to the operation of the firm will be deducted from the taxable value to the extent allowed pursuant to statute.

(Added to NAC by Tax Comm’n, eff. 9-30-88)

                    
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