Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE32 REVENUE AND TAXATION |
CHAPTER361. Property Tax |
ASSESSMENT |
Taxable and Exempt Property |
NRS361.073. Property of water users’ nonprofit associations and nonprofit cooperative corporations exempted.
Latest version.
- All real and personal property of a water users’ nonprofit association or of a water users’ nonprofit cooperative corporation within the State of Nevada is exempt from taxation, but such property shall be taxed when it is used for any purpose other than carrying out the legitimate functions of such nonprofit association or of a water users’ nonprofit cooperative corporation.
(Added to NRS by 1969, 1422)