Nev. Rev. Stat. § 375.90 — Exemptions

The
taxes imposed by NRS 375.020 , 375.023 and 375.026 do not apply to:
1.  Except as otherwise provided in this
subsection, a mere change in identity, form or place of organization, such as a
transfer between a business entity and its parent, its subsidiary or an
affiliated business entity if the affiliated business entity has identical
common ownership. The taxes imposed by NRS
375.020 , 375.023 and 375.026 apply to a transfer described in
this subsection if the business entity to which the real property is
transferred was formed for the purpose of avoiding those taxes.
2.  A transfer of title to the United
States, any territory or state or any agency, department, instrumentality or
political subdivision thereof.
3.  A transfer of title recognizing the
true status of ownership of the real property, including, without limitation, a
transfer by an instrument in writing pursuant to the terms of a land sale
installment contract previously recorded and upon which the taxes imposed by
this chapter have been paid.
4.  A transfer of title without
consideration from one joint tenant or tenant in common to one or more
remaining joint tenants or tenants in common.
5.  A transfer, assignment or other
conveyance of real property if the owner of the property is related to the
person to whom it is conveyed within the first degree of lineal consanguinity
or affinity.
6.  A transfer of title between former
spouses in compliance with a decree of divorce.
7.  A transfer of title to or from a trust
without consideration if a certificate of trust is presented at the time of
transfer.
8.  Transfers, assignments or conveyances
of unpatented mines or mining claims.
9.  A transfer, assignment or other
conveyance of real property to a corporation or other business organization if
the person conveying the property owns 100 percent of the corporation or
organization to which the conveyance is made.
10.  A conveyance of real property by deed
which becomes effective upon the death of the grantor pursuant to NRS 111.655 to 111.699 , inclusive, and a Death of Grantor
Affidavit recorded in the office of the county recorder pursuant to NRS 111.699 .
11.  The making, delivery or filing of
conveyances of real property to make effective any plan of reorganization or
adjustment:
(a) Confirmed under the Bankruptcy Act, as
amended, 11 U.S.C. §§ 101 et seq.;
(b) Approved in an equity receivership proceeding
involving a railroad, as defined in the Bankruptcy Act; or
(c) Approved in an equity receivership proceeding
involving a corporation, as defined in the Bankruptcy Act,
Ê if the
making, delivery or filing of instruments of transfer or conveyance occurs within
5 years after the date of the confirmation, approval or change.
12.  A transfer to an educational
foundation. As used in this subsection, “educational foundation” has the
meaning ascribed to it in subsection 3 of NRS
388.750 .
13.  A transfer to a university foundation.
As used in this subsection, “university foundation” has the meaning ascribed to
it in subsection 3 of NRS 396.405 .
14.  A transfer to a library foundation. As
used in this subsection, “library foundation” has the meaning ascribed to it in
NRS 379.0056 .