Nevada Revised Statutes 396.881 – Bonds and other securities exempt from taxation; exception
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1. Except as otherwise provided in subsection 2, bonds and other securities issued pursuant to the provisions of the University Securities Law, their transfer and the income therefrom must forever be and remain free and exempt from taxation by this state or any subdivision thereof.
Terms Used In Nevada Revised Statutes 396.881
- University: means all of the universities within the Nevada System of Higher Education. See Nevada Revised Statutes 396.005
2. The provisions of subsection 1 do not apply to the tax on estates imposed pursuant to the provisions of chapter 375A of NRS or the tax on generation-skipping transfers imposed pursuant to the provisions of chapter 375B of NRS.