Statutes, codes, and regulations
Nevada Revised Statutes
Title 31 - PUBLIC FINANCIAL ADMINISTRATIONChapter 353 - STATE FINANCIAL ADMINISTRATION
INSTALLMENT-PURCHASE AND LEASE-PURCHASE AGREEMENTS
Section 353.620 - Property subject to agreement exempt from ad valorem property taxation in certain circumstances

Nev. Rev. Stat. § 353.620

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Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 353.620 - Property subject to agreement exempt from ad valorem property taxation in certain circumstances

While an agreement entered into pursuant to NRS 353.500 to 353.630, inclusive, is in effect, the property that is the subject of the agreement is exempt from ad valorem property taxation by this State and its political subdivisions if:

1. An improvement is being constructed on the property pursuant to the agreement; or
2. This State or a state agency is in possession of the property.

NRS 353.620

Added to NRS by 2001, 2480; A 2007, 831
Added to NRS by 2001, 2480; A 2007, 831