Section 361.464 - Allocation of value of interstate companies1. Since the unit rule of valuation will be used for the described properties, an allocation of those properties operating in Nevada will be made.2. The allocation will: (a) Total 100 percent for all states in which a company operates; and(b) Reflect the quantity of property in each state, as well as the use or value of the property in each state.3. Allocation factors will be those that are readily available rather than requiring some new or additional statistic, and a factor will not be an allocation itself.4. The interstate allocation will be made in proportion to the contribution to the unit value made by the property in Nevada. Allocation will be made in the light of the property value. It is the value of the existing property which is being allocated, not merely the amount of the physical property.5. Available quantity elements such as cost and economic or use elements such as revenue will be used in the determination of the allocation.6. The following elements will be considered in the allocation of allocable flight equipment to Nevada and are assigned the following weight:(a) Air and ground time weighted to the original cost of allocable flight equipment, 50 percent;(b) Originating and terminating tonnage, 15 percent; and(c) Revenue ton miles flown, 35 percent.Nev. Admin. Code § 361.464
Tax Comm'n, Property Tax Reg. part No. 15D, eff. 10-30-79