Nev. Rev. Stat. § 374.356 — Abatement for eligible machinery or equipment used at new or expanded data center. [Effective through December 31, 2056.]

NRS  374.356    Abatement for eligible machinery or equipment used at new or
expanded data center. [Effective through December 31, 2056.]
1.  A person who intends to locate or expand
a data center in this State may, pursuant to NRS
360.754 , apply to the Office of Economic Development for a partial
abatement from the taxes imposed by this chapter on the gross receipts from the
sale, and the storage, use or other consumption, of eligible machinery or
equipment for use at a data center which has been approved for a partial
abatement pursuant to NRS 360.754 .
2.  If an application for a partial
abatement is approved:
(a) For an applicant seeking an abatement
pursuant to paragraph (d) of subsection 2 of NRS
360.754 , the data center and any colocated business is eligible for an
abatement from the tax imposed by this chapter for a period of not more than 10
years.
(b) For an applicant seeking an abatement
pursuant to paragraph (e) of subsection 2 of NRS
360.754 , the data center and any colocated business is eligible for an
abatement from the tax imposed by this chapter for a period of not more than 20
years.
(c) The abatement must be administered and
carried out in the manner set forth in NRS
360.754 .
3.  As used in this section:
(a) “Colocated business” has the meaning ascribed
to it in NRS 360.754 .
(b) “Data center” has the meaning ascribed to it
in NRS 360.754 .
(c) “Eligible machinery or equipment” means
machinery or equipment necessary to and specifically related to the business of
the data center or colocated business. The term does not include vehicles,
buildings or the structural components of buildings.