Nev. Rev. Stat. § 371.1035 — Waiver of veteran’s exemption; designation of any amount of exemption for credit to Gift Account for the Veterans Home in Southern Nevada or Gift Account for the Veterans Home in Northern Nevada

NRS  371.1035    Waiver of veteran’s exemption; designation of any amount of
exemption for credit to Gift Account for the Veterans Home in Southern Nevada
or Gift Account for the Veterans Home in Northern Nevada.
1.  Any person who qualifies for an
exemption pursuant to NRS 371.103 or 371.104 may, in lieu of claiming the
exemption:
(a) Pay to the Department all or any portion of
the amount by which the tax would be reduced if the person claimed the
exemption; and
(b) Direct the Department to deposit that amount
for credit to the Gift Account for the Veterans Home in Southern Nevada or the
Gift Account for the Veterans Home in Northern Nevada established pursuant to NRS 417.145 .
2.  Any person who wishes to waive his or
her exemption pursuant to this section shall designate the amount to be
credited to a Gift Account on a form provided by the Department.
3.  The Department shall deposit any money
received pursuant to this section with the State Treasurer for credit to the
Gift Account for the Veterans Home in Southern Nevada or the Gift Account for
the Veterans Home in Northern Nevada established pursuant to NRS 417.145 . The State Treasurer shall not
accept more than a total of $2,000,000 for credit to a Gift Account pursuant to
this section and NRS 361.0905 during
any fiscal year.