Nevada Administrative Code — Title 32 (Revenue and Taxation)
Nev. Admin. Code § 361.284 — 361.284
NAC 361.284 Fair return defined. ( NRS
360.090 , 361.320 ) Fair return means an
amount of income authorized by a regulatory agency which is considered
sufficient for a utility to attract necessary additional capital while at the
same time rendering adequate service.
[Tax Commn, Property Tax Reg. part No. 15, eff. 10-30-79]
Source: official text