Nev. Admin. Code § 361.288 — 361.288

NAC 361.288    “Flow-through accounting” defined. ( NRS 360.090 , 361.320 )    “Flow-through
accounting” means the practice of charging to the current period only those
expenses incurred during the period. A common example is the lesser income tax
expense in a given period, due to the use of accelerated depreciation methods
or guideline lives in contrast to straight-line depreciation or normal service
lives, which would benefit the consumer in the form of lower cost of service if
prescribed by the regulatory agency. See NAC
361.342 .
[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]