NRS361.078. Exemption of residential property containing shelter protecting against radioactive fallout.

      1.  Residential property to the extent of $1,000 assessed valuation is exempt from taxation if the property:

      (a) Is owned and occupied by a resident of this state;

      (b) Contains a shelter for protection against radioactive fallout;

      (c) The shelter has sufficient space to protect the number of persons who normally occupy the residence; and

      (d) The shelter provides at least 40 times more protection against radiation to a person inside the shelter than to a person outside the shelter.

      2.  Any person claiming this exemption must file with the county assessor an affidavit declaring that:

      (a) The person is a resident of the State of Nevada;

      (b) The shelter meets the requirements of subsection 1; and

      (c) The person has not claimed a similar exemption for the current year in any other county in this state.

      (Added to NRS by 1981, 1179)