Nev. Admin. Code § 360.Sec. 12 - NEW

For the purposes of determining whether revenue received by a business entity is pass-through revenue pursuant to paragraph (a) of subsection 1 of section 14 of Assembly Bill No. 495, chapter 249, Statutes of Nevada 2021, at page 1271 (NRS 363D.070) that may be deducted from the gross revenue of the business entity pursuant to subsection 4 of section 26 of Assembly Bill No. 495, chapter 249, Statutes of Nevada 2021, at page 1275 (NRS 363D.170), "fiduciary duty" means a duty arising from a relationship governed by the provisions of NRS 162.010 to 162.140, inclusive.

Notes

Nev. Admin. Code § 360.Sec. 12

Added to NAC by Dep't of Taxation by R130-21A, eff. 2/23/2022

NRS 360.090, sections 14 and 26 of Assembly Bill No. 495, chapter 249, Statutes of Nevada 2021, at pages 1271 and 1275 (NRS 363D.070 and 363D.170)