Nev. Admin. Code § 361.316 — 361.316

NAC 361.316    “Income” defined. ( NRS
360.090 , 361.320 )    “Income” means money or
other benefits stemming from the ownership of property, generally received on a
regular monthly or annual basis. The word “income” used alone has no specific
appraisal significance, but must be modified to form terms such as gross income
and net operating income. Revenue is the preferred measure for business and
income is the preferred measure of the salaries of persons.
[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]—(NAC
A 9-30-88)