2019 Nevada Revised Statutes
Chapter 396 - Nevada System of Higher Education
NRS 396.881 - Bonds and other securities exempt from taxation; exception.

Universal Citation: NV Rev Stat § 396.881 (2019)

1. Except as otherwise provided in subsection 2, bonds and other securities issued pursuant to the provisions of the University Securities Law, their transfer and the income therefrom must forever be and remain free and exempt from taxation by this state or any subdivision thereof.

2. The provisions of subsection 1 do not apply to the tax on estates imposed pursuant to the provisions of chapter 375A of NRS or the tax on generation-skipping transfers imposed pursuant to the provisions of chapter 375B of NRS.

(Added to NRS by 1967, 22; A 1989, 2108; 1991, 1712)

Disclaimer: These codes may not be the most recent version. Nevada may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.