Nev. Admin. Code § 361.346 — 361.346

NAC 361.346    “Operating expenses” defined. ( NRS
360.090 , 361.320 )    “Operating expenses” means
the direct expenses incurred in conducting the ordinary major activities of an
enterprise, usually excluding nonoperating expenses and income deductions.
[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]—(NAC
A 9-30-88)