Nev. Admin. Code § 361.330 — 361.330

NAC 361.330    “Liberalized depreciation” defined. ( NRS 360.090 , 361.320 )    “Liberalized
depreciation” means the use of rates of depreciation on property for income tax
purposes that amortizes the investment over a shorter time period than its
actual useful life. See revenue proceedings 72-10 IRS.
[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]