Nev. Rev. Stat. § 118B.0113

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 118B.0113 - "Capital improvement" defined

"Capital improvement" means an addition or betterment made to a manufactured home park that:

1. Consists of more than the repair or replacement of an existing facility;

2. Is required by law to be amortized over its useful life for the purposes of income tax; and

3. Has a useful life of 5 years or more.

NRS 118B.0113

Added to NRS by 1995, 2752; A 2001, 1170