Nev. Admin. Code § 363C.110 — 363C.110

NAC 363C.110    “Intangible investments” construed for purposes of NRS 363C.020 . ( NRS 360.090 , 363C.020 , 363C.100 )    For the purposes of the exemption from the
commerce tax set forth in paragraph (m) of subsection 2 of NRS 363C.020 , the term
“intangible investments” includes, without limitation, the intangible
investments described in that paragraph and an interest in any entity,
including, without limitation, a trust, S corporation, partnership,
limited-liability company or other entity in which a person owns an interest,
regardless of whether that person controls or participates in the management of
the entity in which the person owns an interest.
(Added to NAC by Tax Comm’n by R123-15, eff. 6-28-2016)