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2013 Nevada Revised Statutes
Chapter 118B - Landlord and Tenant: Manufactured Home Parks
NRS 118B.0113 - Capital improvement defined.


NV Rev Stat § 118B.0113 (2013) What's This?

Capital improvement means an addition or betterment made to a manufactured home park that:

1. Consists of more than the repair or replacement of an existing facility;

2. Is required by law to be amortized over its useful life for the purposes of income tax; and

3. Has a useful life of 5 years or more.

(Added to NRS by 1995, 2752; A 2001, 1170)

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