Nev. Admin. Code § 354.8662

Current through December 12, 2024

Section 354.8662 - "Payments in lieu of taxes" defined

"Payments in lieu of taxes" means payments that:

1. Are made to a local government to help offset losses in property taxes;

2. Can be independently determined and verified; and

3. Relate to specific property taxes.

Nev. Admin. Code § 354.8662

Added to NAC by Com. on Local Gov't Finance by R007-12, eff. 12-20-2012

NRS 354.107, 354.594, 354.613