Nev. Admin. Code § 361.036

Current through October 11, 2024

Section 361.036 - Apportionment of direct costs when works of art consist of more than fine art

If an exhibition does not consist solely of fine art for public display owned by the taxpayer, the Department will apportion the direct costs of owning and exhibiting the fine art based on the percentage that the value of the fine art for public display owned by the taxpayer bears to the value of all the works of art included in the exhibition.

Added to NAC by Tax Comm'n by R047-01, eff. 12-17-2002

NRS 360.090, 361.068, 361.186