Nev. Rev. Stat. § 361.323 — Determination and apportionment of valuation for property of electric light and power companies used to generate or transmit electricity for use outside State

NRS  361.323    Determination and apportionment of valuation for property of
electric light and power companies used to generate or transmit electricity for
use outside State.
1.  Except as otherwise provided in NRS 361.320 , where 75 percent or more of
the physical property of an electric light and power company is devoted to the
generation or transmission of electricity for use outside the State of Nevada
and the physical property also includes three or more operating units which are
not interconnected at any point within the State of Nevada, the Nevada Tax
Commission shall successively:
(a) Determine separately the valuation of each
operating unit, using the criteria provided in subsection 2 of NRS 361.320 .
(b) Apportion 15 percent of the valuation of each
operating unit which generates electricity predominantly for use outside Nevada
to each other operating unit within the State of Nevada.
(c) Apportion the valuation of each operating
unit, adjusted as required by paragraph (b) upon a mile-unit basis among the
counties in which the operating unit is located.
2.  Except as otherwise provided in NRS 361.320 , where 75 percent or more of
the physical property of an electric light and power company is devoted to the
generation or transmission of electricity for use outside the State of Nevada
and the physical property also includes two but not more than two operating
units which are not interconnected at any point within the State of Nevada, the
Nevada Tax Commission shall successively:
(a) Determine separately the valuation of each
operating unit, using the criteria provided in subsection 2 of NRS 361.320 .
(b) Apportion 20 percent of the valuation of each
operating unit which generates electricity predominantly for use outside Nevada
to each other operating unit within the State of Nevada.
(c) Apportion the valuation of each operating
unit, adjusted as required by paragraph (b) upon a mile-unit basis among the
counties in which the operating unit is located.