2014 Nevada Revised Statutes
Chapter 361 - Property Tax
NRS 361.0757 - Exemption of real property used in extractive operation extracting geothermal resources. [Effective November 25, 2014, through June 30, 2053, if the provisions of Senate Joint Resolution No. 15 (2011) are approved and ratified by the voters at the 2014 General Election.]
1. Except as otherwise provided in subsection 2 of NRS 362.100, real property that is used in an extractive operation extracting geothermal resources is exempt from taxation if the person who engaged in the mineral extraction is subject to the excise tax upon mineral extraction pursuant to the provisions of NRS 362.100 to 362.240, inclusive.
2. As used in this section, extractive operation has the meaning ascribed to it in NRS 362.010.
(Added to NRS by 2013, 3114, effective November 25, 2014, through June 30, 2053, if the provisions of Senate Joint Resolution No. 15 (2011) are approved and ratified by the voters at the 2014 General Election)
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