Nev. Admin. Code § 361.203

Current through December 12, 2024

Section 361.203 - "Accelerated cost recovery system" defined

"Accelerated cost recovery system" means a tax accounting methodology whereby normalized accounting is used to reduce or defer taxes on property and income.

Nev. Admin. Code § 361.203

Added to NAC by Tax Comm'n, eff. 9-30-88

NRS 360.090, 361.320