Nevada Revised Statutes Section 361.099 - Revenue and Taxation

Exemption of certain real and personal property leased or rented to University and Community College System of Nevada. All real and personal property which is leased or rented to the University and Community College System of Nevada for total consideration which is less than 10 percent of the fair market rental or lease value of the property is hereby deemed to be used for an educational purpose and is exempt from taxation.

Last modified: February 27, 2006