Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 361.0905 - Waiver of veteran's exemption; designation of any amount of exemption for credit to Gift Account for veterans homes in southern or northern Nevada1. Any person who qualifies for an exemption pursuant to NRS 361.090 or 361.091 may, in lieu of claiming the exemption: (a) Pay to the county tax receiver all or any portion of the amount by which the tax would be reduced if the person claimed the exemption; and(b) Direct the county tax receiver to deposit that amount for credit to the Gift Account for the Veterans Home in Southern Nevada or the Gift Account for the Veterans Home in Northern Nevada established pursuant to NRS 417.145.2. Any person who wishes to waive his or her exemption pursuant to this section shall designate the amount to be credited to a Gift Account on a form provided by the Nevada Tax Commission.3. The county tax receiver shall deposit any money received pursuant to this section with the State Treasurer for credit to the Gift Account for the Veterans Home in Southern Nevada or the Gift Account for the Veterans Home in Northern Nevada established pursuant to NRS 417.145. The State Treasurer shall not accept more than a total of $2,000,000 for credit to a Gift Account pursuant to this section and NRS 371.1035 during any fiscal year.Added to NRS by 1995, 2295; A 2001, 1524; 2003, 2753, 2754; 2013, 2510Amended by 2013, Ch. 433,§38, eff. 10/1/2013.Added to NRS by 1995, 2295; A 2001, 1524; 2003, 2753, 2754