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Code · Nevada · CHAPTER 374 - LOCAL SCHOOL SUPPORT TAX

NRS 374.331 Personal property loaned or donated to United States, State, political subdivision or religious or eleemosynary organization.

135 words·~1 min read·/nv/chapter-374-local-school-support-tax/374-331·

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

NRS 374.331 Personal property loaned or donated to United States, State, political subdivision or religious or eleemosynary organization. There are exempted from the taxes imposed by this chapter on the storage, use or other consumption of tangible personal property any such property loaned or donated to:
1. The United States, its unincorporated agencies and instrumentalities.
2. Any incorporated agency or instrumentality of the United States wholly owned by the United States or by a corporation wholly owned by the United States.
3. The State of Nevada, its unincorporated agencies and instrumentalities.
4. Any county, city, district or other political subdivision of this State.
5. Any organization created for religious, charitable or eleemosynary purposes, provided that no part of the net earnings of any such organization inures to the benefit of any private shareholder or individual.
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