Nev. Admin. Code § 361.368 — 361.368

NAC 361.368    “Recapture” defined. ( NRS
360.090 , 361.320 )    “Recapture” means the
recovery of a capital investment. More specifically, it is the portion of the
net operating income or the cash flow that provides for the periodic repayment
of invested capital. Recapture may also be achieved, wholly or in part, through
the resale of the property. The words depreciation and amortization are
sometimes used as synonyms for recapture. However, depreciation is also both an
accounting term and a word that means a loss from original value and
amortization is commonly used to signify debt retirement. Recapture does not
have these multiple meanings and is more desirable for use in income appraisal.
[Tax Comm’n, Property Tax Reg. part No. 15, eff. 10-30-79]—(NAC
A 9-30-88)