There is a newer version of the Nevada Revised Statutes
2014 Nevada Revised Statutes
Chapter 287 - Programs for Public Employees
NRS 287.460 - Federal requirements prerequisite for operation of plan; taxation of deferred income by State or political subdivision.
NV Rev Stat § 287.460 (2014) What's This?
1. No plan in the program becomes effective and no deferral may be made until the plan meets the requirements of 26 U.S.C. 401(a) or 457, as applicable, for eligibility.
2. Income deferred during a period in which no income tax is imposed by the State or a political subdivision may not be taxed when paid to the employee.
(Added to NRS by 1979, 800, A 2001, 1006)
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