Nev. Rev. Stat. § 361.062

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 361.062 - Property of trusts for furtherance of public functions exempted

All property, both real and personal, of a trust created for the benefit and furtherance of any public function pursuant to the provisions of general or special law is exempt from taxation; but moneys in lieu of taxes may be paid to the beneficiary pursuant to any agreement contained in the instrument creating the trust.

NRS 361.062

Added to NRS by 1971, 1036; A 1975, 1408
Added to NRS by 1971, 1036; A 1975, 1408