NRS 361.098 Exemption of property of charitable foundations established by Board of Regents of University of Nevada.
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NRS 361.098 Exemption of property of charitable foundations established by Board of Regents of University of Nevada. All real and personal property owned by a charitable foundation established by the Board of Regents of the University of Nevada is exempt from taxation, but the property must be taxed when it is used for any purpose other than carrying out the legitimate functions of the foundation.