NRS 361.7366 “Income” defined.

166 words·~1 min read·/nv/chapter-361-property-tax/361-7366·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

NRS 361.7366 “Income” defined. “Income” means adjusted gross income, as defined in the Internal Revenue Code, and includes:

1. Tax-free interest;

2. The untaxed portion of a pension or annuity;

3. Railroad retirement benefits;

4. Veterans’ pensions and compensation;

5. Payments received pursuant to the federal Social Security Act, including supplemental security income, but excluding hospital and medical insurance benefits for the aged and disabled;

6. Public assistance payments, including allowances for shelter;

7. Unemployment insurance benefits;

8. Payments for lost time;

9. Payments received from disability insurance;

10. Disability payments received pursuant to workers’ compensation insurance;

11. Alimony;

12. Support payments;

13. Allowances received by dependents of servicemen and servicewomen;

14. The amount of recognized capital gains and losses excluded from adjusted gross income;

15. Life insurance proceeds in excess of $5,000;

16. Bequests and inheritances; and

17. Gifts of cash of more than $300 not between household members and such other kinds of cash received by a household as the Department specifies by regulation.