Nev. Admin. Code § 361.431 — 361.431

NAC 361.431    Allocation of value of interstate and intercounty properties. ( NRS 360.090 , 361.320 )
1.  Since the unit rule of valuation will be
used for all interstate and intercounty properties, an allocation of those
properties operating in Nevada will be made.
2.  The allocation will:
(a) Total 100 percent for all states in which the
company operates; and
(b) Reflect the quantity of property in each state,
as well as the use or value of the property in each state.
3.  Allocation factors will be those that are
readily available rather than requiring some new or additional statistic and
the factor will not be an allocation in and of itself.
4.  The interstate allocation will be made in
proportion to the contribution to the unit value made by the property in
Nevada. The allocation will be a reflection of the property value. It is the
value of the existing property which is being allocated, not merely the amount
of the physical property.
5.  Available quantity elements such as cost
and economic or use elements such as revenue will be used in the determination
of the allocation.
6.  The interstate allocation formulas
adopted by the Western States Association of Tax Administrators will be
approved by the Executive Director of the Department and used when the
information is available and considered applicable.
(Added to NAC by Tax Comm’n, eff. 9-30-88)