Nev. Rev. Stat. § 361.73 — Property of water users’ nonprofit associations and nonprofit cooperative corporations exempted

NRS  361.073    Property of water users’ nonprofit associations and nonprofit
cooperative corporations exempted.    All
real and personal property of a water users’ nonprofit association or of a
water users’ nonprofit cooperative corporation within the State of Nevada is
exempt from taxation, but such property shall be taxed when it is used for any
purpose other than carrying out the legitimate functions of such nonprofit
association or of a water users’ nonprofit cooperative corporation.