Nev. Admin. Code § 361.214

Current through December 12, 2024

Section 361.214 - "Allowance for funds used during construction" defined

"Allowance for funds used during construction" means the process of capitalizing interest expense on funds used during the construction period. As property does not generate earnings during construction, the capitalized interest expense represents imputed earnings. The capitalized interest becomes part of the total cost of the project.

Nev. Admin. Code § 361.214

Tax Comm'n, Property Tax Reg. part No. 15, eff. 10-30-79

NRS 360.090, 361.320