Nev. Admin. Code § 361.469 — 361.469

NAC 361.469    Formula for assessment. ( NRS
360.090 , 361.320 )
1.  All allocable flight equipment may be
valued in accordance with the Personal Property Manual published by the
Department and approved by the Commission pursuant to NAC 361.1365 for each fiscal year or in
accordance with other books or manuals that provide guidance in establishing
value approved by the Executive Director.
2.  A portion of the value of the flight
equipment will be allocated to Nevada based on an average of the data described
in subsection 3 or described in NAC 361.464
when the information is available and considered applicable.
3.  The weighted ground-time ratio, as
indicated by flight schedules, plane hours, originating and terminating tonnage
and revenue ton miles flown in Nevada, as a percentage of the system, will be
used as the statistic for allocating value to Nevada.
[Tax Comm’n, Property Tax Reg. Part No. 15N, eff. 10-30-79]—(NAC
A 10-10-83; R026-99, 1-27-2000; R034-03, 12-4-2003)