Nev. Rev. Stat. § 374.357 — Abatement for eligible machinery or equipment used by certain new or expanded businesses

NRS  374.357    Abatement for eligible machinery or equipment used by certain
new or expanded businesses.
1.  A person who maintains a business or
intends to locate a business in this State may, pursuant to NRS 360.750 , apply to the Office of
Economic Development for an 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 by a business which has been approved
for an abatement pursuant to NRS 360.750 .
2.  If an application for an abatement is
approved pursuant to NRS 360.750 :
(a) The taxpayer is eligible for an abatement
from the tax imposed by this chapter for not more than 2 years.
(b) The abatement must be administered and
carried out in the manner set forth in NRS
360.750 .
3.  As used in this section, unless the
context otherwise requires, “eligible machinery or equipment” means machinery
or equipment for which a deduction is authorized pursuant to 26 U.S.C. § 179.
The term does not include:
(a) Buildings or the structural components of
buildings;
(b) Equipment used by a public utility;
(c) Equipment used for medical treatment;
(d) Machinery or equipment used in mining; or
(e) Machinery or equipment used in gaming.