Nevada Revised Statutes 361.083 – Exemption of certain property and buildings used for care or relief of orphan children, or of sick, infirm or indigent persons
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The property on which stands a hospital or other charitable asylum for the care or relief of orphan children, or of sick, infirm or indigent persons, owned by a nonprofit corporation organized or existing pursuant to chapter 82 of NRS, together with the buildings, while occupied for those objects and purposes, is exempt from taxation.
Terms Used In Nevada Revised Statutes 361.083
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.