Nev. Admin. Code § 361.330

Current through December 12, 2024

Section 361.330 - "Liberalized depreciation" defined

"Liberalized depreciation" means the use of rates of depreciation on property for income tax purposes that amortizes the investment over a shorter time period than its actual useful life. See revenue proceedings 72-10 IRS.

Nev. Admin. Code § 361.330

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

NRS 360.090, 361.320