Nev. Admin. Code § 361.1117 — 361.1117

NAC 361.1117    “Cost of replacement” defined. ( NRS
360.090 , 360.250 )    “Cost of replacement”
means the total cost of construction required to replace an improvement with a
substitute of like or equal utility using current standards of materials and
design, including the cost of any pertinent labor, materials, supervision,
contractors’ profit and overhead, architects’ plans and specifications, sales
taxes and insurance.
(Added to NAC by Tax Comm’n by R039-10, 8-13-2010, eff.
7-1-2012)