Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter361A Taxes on Agricultural Real Property and Open Space |
GENERAL PROVISIONS |
NAC361A.030. “Business venture for profit” defined.
Latest version.
- “Business venture for profit” means an agricultural pursuit engaged in by an operator for a reasonable profit or at least upon the expectation of a reasonable profit consistent with the productive capability of the land unit.
(Added to NAC by Tax Comm’n by R030-03, eff. 12-4-2003)