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2020 Nevada Revised Statutes
Chapter 361 - Property Tax
NRS 361.062 - Property of trusts for furtherance of public functions exempted.
Universal Citation: NV Rev Stat § 361.062 (2020)
All property, both real and personal, of a trust created for the benefit and furtherance of any public function pursuant to the provisions of general or special law is exempt from taxation; but moneys in lieu of taxes may be paid to the beneficiary pursuant to any agreement contained in the instrument creating the trust.
(Added to NRS by 1971, 1036; A 1975, 1408)
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