Nev. Admin. Code § 361.276

Current through December 12, 2024

Section 361.276 - "Effective rate of interest" defined

"Effective rate of interest" means the total cost to a company for borrowing money divided by the face value of the money. The interest expense plus the cost of floating the debt or compensatory bank balance are included in calculating the total cost.

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

NRS 360.090, 361.320