Nev. Admin. Code § 361.1436 — 361.1436

NAC 361.1436    Assessment of aircraft with taxable situs in this State; formula
for allocating if aircraft has taxable situs in this State and another state or
country. ( NRS
360.090 , 360.250 , 361.260 )
1.  If an aircraft has taxable situs in this
State, the aircraft must be assessed by the county assessor of the county in
which the aircraft is present for the majority of the total amount of the
aircraft’s ground time in this State during the fiscal year for which the
aircraft is being assessed.
2.  If an aircraft has taxable situs in this
State and in another state or country, the taxable value of the aircraft must
be allocated to this State in an amount that fairly reflects the use of the
aircraft in this State. The portion of the taxable value of the aircraft
allocated to this State must equal the amount determined by multiplying:
(a) The taxable value of the aircraft; and
(b) The fraction obtained by dividing the number of
overnights spent by the aircraft in this State by the total number of days in
the immediately preceding fiscal year.
3.  Before allocating the taxable value of an
aircraft to this State pursuant to subsection 2, the county assessor must
determine the taxable value of the aircraft pursuant to NAC 361.1345 to 361.139 , inclusive.
4.  The entire amount of the taxable value of
an aircraft that is allocated to this State must be apportioned to the county
in this State in which the aircraft is present for the majority of total amount
of the aircraft’s ground time in this State during the fiscal year for which
the aircraft is being assessed. The aircraft must be assessed by that county
for a full fiscal year and, if the aircraft is removed from that county before
the end of a fiscal year, the taxes imposed on that aircraft may not be
prorated.
(Added to NAC by Tax Comm’n by R001-20, eff. 1-21-2021)