Nevada Administrative Code
Chapter 361 - Property Tax
ALLOCATION OF REDUCTIONS IN TAX REVENUE RESULTING FROM CERTAIN PARTIAL ABATEMENTS OF TAXES
Property Located in Redevelopment Area or Tax Increment Area
Section 361.821 - Application of certain provisions: Limitations
Universal Citation: NV Admin Code 361.821
Current through December 31, 2024
The provisions of NAC 361.817 and 361.819 must not be applied in any manner that:
1. Would provide for the abatement of any increase in ad valorem taxes which, in accordance with NRS 361.4726, subsection 3 of NRS 361.4727 or NRS 361.4728, is exempt from each partial abatement from taxation provided pursuant to NRS 361.4722, 361.4723 and 361.4724; or
2. Would not allocate the revenue from any increase in ad valorem taxes described in subsection 1 to the taxing entity who levies that increase or on behalf of whom that increase is levied.
Added to NAC by Com. on Local Gov't Finance by R022-08, 4-17-2008, eff. 7-1-2008
NRS 361.4733
Disclaimer: These regulations may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
