231.300 - "Business" construed

231.300. "Business" construed

For the purposes of NRS 231.141 to 231.152, inclusive, and NAC 231.300 to 231.330, inclusive, the term "business" includes, without limitation, an entity which:

1. Has registered with the Office of Secretary of State as a nonprofit corporation pursuant to chapter 82 of NRS or which has received a certificate of authority from the Commissioner of Insurance pursuant to chapter 695B of NRS;

2. Is exempt from federal income tax pursuant to 26 U.S.C. ยง 501; and

3. Engages in an activity that is consistent with the State Plan for Economic Development.

Added to NAC by Office of Economic Dev. by R113-16AP, eff. 6-26-2018

NRS 231.152

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