Nev. Admin. Code § 361.821 - Application of certain provisions: Limitations
The provisions of NAC 361.817 and 361.819 must not be applied in any manner that:
1. Would provide for the abatement of any
increase in ad valorem taxes which, in accordance with
NRS
361.4726, subsection 3 of
NRS
361.4727 or
NRS
361.4728, is exempt from each partial
abatement from taxation provided pursuant to
NRS
361.4722,
361.4723
and
361.4724;
or
2. Would not allocate the
revenue from any increase in ad valorem taxes described in subsection 1 to the
taxing entity who levies that increase or on behalf of whom that increase is
levied.
Notes
NRS 361.4733
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