Nevada Administrative Code
Chapter 360 - Revenue and Taxation: Generally
PARTIAL ABATEMENT OF CERTAIN TAXES
Abatements for New or Expanded Business
Section 360.4755 - Local school support tax: Determination of eligibility of machinery or equipment
Universal Citation: NV Admin Code 360.4755
Current through September 16, 2024
1. The Department shall, pursuant to NRS NRS 360.225, determine if machinery or equipment for which a business claims a partial abatement of the taxes imposed pursuant to chapter 374 of NRS qualifies as eligible machinery or equipment pursuant to NRS NRS 374.357.
2. The Department shall not determine that machinery or equipment which is leased by a business qualifies for a partial abatement of the taxes imposed pursuant to chapter 374 of NRS.
Added to NAC by Tax Comm'n by R109-01, eff. 5-13-2002
NRS 360.750, 374.357
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