Nevada Revised Statutes 361.098 – Exemption of property of charitable foundations established by Board of Regents of University of Nevada
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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.
Terms Used In Nevada Revised Statutes 361.098
- Personal property: All property that is not real property.