Nevada Administrative Code (Last Updated: January 6, 2015) |
Chapter362 Taxes on Patented Mines and Proceeds of Minerals |
PROCEEDS OF MINERALS |
Geothermal Resources |
NAC362.362. “Repowering” defined.
Latest version.
- “Repowering” means to:
1. Remove any inefficient, obsolete or aging equipment that is used in the production stream of a geothermal resource; and
2. Replace that equipment with any new technology or equipment that increases or may increase the efficiency of the processing of the geothermal resource.
(Added to NAC by Tax Comm’n by R012-07, eff. 10-31-2007)