Nev. Admin. Code § 361.433 — 361.433

NAC 361.433    Deductions from taxable value. ( NRS
360.090 , 361.320 )
1.  The value and not the cost of any
vehicles licensed in Nevada will be deducted from the taxable value of the
property which was allocated to Nevada.
2.  For telecommunications companies,
property on lands ceded to the United States Government before 1936 will also
be deducted. Cost less depreciation as reported by the company will be used.
3.  The value and not the cost of certified
pollution control equipment directly related to the operation of the firm will
be deducted from the taxable value to the extent allowed pursuant to statute.
(Added to NAC by Tax Comm’n, eff. 9-30-88)
Air Transportation Companies Generally