Nevada Revised Statutes 466.160 – Charity day: Limitation on number of days in one meet
Current as of: 2023 | Check for updates
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1. A charity day under this section is defined to be a racing day on which a portion of the net proceeds and revenues from pari-mutuel racing is contributed to a charitable organization or society as those terms are generally understood. Such contribution shall not diminish the taxes imposed by this chapter.
Terms Used In Nevada Revised Statutes 466.160
- Charity: An agency, institution, or organization in existence and operating for the benefit of an indefinite number of persons and conducted for educational, religious, scientific, medical, or other beneficent purposes.
2. Any licensee holding a license for racing as provided in this chapter may declare as many charity days in any one meet as the licensee shall deem fit, but no licensee shall declare more than five charity days in any one racing meet.
3. Any such charity days, not exceeding five in any one race meeting, shall be deemed in addition to the maximum number of days provided in NRS 466.110.