Nev. Admin. Code § 361.1434

Current through June 11, 2024

Section 361.1434 - Claim by owner that taxable value of aircraft is subject to allocation if aircraft has taxable situs in this State and another state or country

1. The owner of an aircraft with taxable situs in this State may claim that the taxable value of the aircraft is subject to allocation pursuant to subsection 2 of NAC 361.1436 if the aircraft has taxable situs in this State and in another state or country. The owner of the aircraft has the burden of proving that the aircraft has taxable situs in another state or country.

2. To make a claim pursuant to subsection 1, the owner of the aircraft must submit to the county assessor sufficient information to determine whether the aircraft has taxable situs in this State and in another state or country, including, without limitation:

(a) Records kept in the normal course of business that indicate the locations to which the aircraft has traveled, the length of time the aircraft remained at those locations and the purpose of the travel to those locations, including, without limitation, mileage, flight or maintenance logs or tie-down receipts;

(b) Actual tax bills or notices of appraisal or assessment from another jurisdiction; or

(c) Reports filed with state or federal governmental agencies that indicate the locations to which the aircraft has traveled, the length of time the aircraft remained at those locations and the purpose of the travel to those locations.

3. To determine the taxable situs of an aircraft, a county assessor may request documentation indicating the domicile of the owner of the aircraft if such information is relevant to determining the nature of the physical presence of the aircraft in this State and the intent of the owner in causing the aircraft to have a physical presence in this State. Such documentation may include, without limitation, the owner's:

(a) Utility bills;

(b) Vehicle registration;

(c) Driver's license or identification card;

(d) Income tax returns; or

(e) Records of property ownership.

Nev. Admin. Code § 361.1434

Added to NAC by Tax Comm'n by R001-20A, eff. 1/21/2021

NRS 360.090, 360.250 and 361.260