Nevada Administrative Code
Chapter 361 - Property Tax
PROCEEDINGS BEFORE STATE BOARD OF EQUALIZATION
General Provisions
Section 361.685 - "Owner" and "person employed" interpreted

Universal Citation: NV Admin Code 361.685

Current through December 31, 2024

For the purposes of NRS 361.362, as amended by section 2 of Assembly Bill No. 452, chapter 463, Statutes of Nevada 2015, at page 2690, and NAC 361.682 to 361.753, inclusive, and sections 2 to 7, inclusive, the State Board interprets the term:

1. "Owner" to include, without limitation:

(a) A partner of a general or limited partnership that owns a property;

(b) A member of a limited-liability company that owns a property; and

(c) A trustor of a trust that owns a property, if allowed under the terms of the trust.

2. "Person employed" to include, without limitation:

(a) A manager of a limited-liability company;

(b) An officer, director or incorporator of a corporation;

(c) A trustee of a trust, if allowed under the terms of the trust; and

(d) Any person, other than an owner of an entity, who is named in an initial or annual list that the entity is required to file with the Secretary of State in accordance with title 7 of NRS.

Added to NAC by Com. on Local Gov't Finance by R097-15A, eff. 1/27/2017

NRS 361.375 and 361.395

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