Nev. Rev. Stat. § 371.1035

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 371.1035 - Waiver of veteran's exemption; designation of any amount of exemption for credit to Gift Account for the Veterans Home in Southern Nevada or Gift Account for the Veterans Home in Northern Nevada
1. Any person who qualifies for an exemption pursuant to NRS 371.103 or 371.104 may, in lieu of claiming the exemption:
(a) Pay to the Department all or any portion of the amount by which the tax would be reduced if the person claimed the exemption; and
(b) Direct the Department to deposit that amount for credit to the Gift Account for the Veterans Home in Southern Nevada or the Gift Account for the Veterans Home in Northern Nevada established pursuant to NRS 417.145.
2. Any person who wishes to waive his or her exemption pursuant to this section shall designate the amount to be credited to a Gift Account on a form provided by the Department.
3. The Department shall deposit any money received pursuant to this section with the State Treasurer for credit to the Gift Account for the Veterans Home in Southern Nevada or the Gift Account for the Veterans Home in Northern Nevada established pursuant to NRS 417.145. The State Treasurer shall not accept more than a total of $2,000,000 for credit to a Gift Account pursuant to this section and NRS 361.0905 during any fiscal year.

NRS 371.1035

Added to NRS by 1995, 2297; A 2001, 1531, 1532; 2003, 2777; 2013, 2515
Amended by 2013, Ch. 433,§42, eff. 10/1/2013.
Added to NRS by 1995, 2297; A 2001, 1531, 1532; 2003, 2777