Nevada Revised Statutes 279.496 – Property owned in redevelopment project: Payment of money in lieu of taxes
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The agency may in any year during which it owns property in a redevelopment project pay to any city, county, district or other public corporation which would have levied a tax upon such property, had it not been exempt, an amount of money in lieu of taxes.
Terms Used In Nevada Revised Statutes 279.496
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- county: includes Carson City. See Nevada Revised Statutes 0.033