Nevada Revised Statutes 496.260 – Property and income exempt from taxation
Current as of: 2023 | Check for updates
|
Other versions
1. Any property in this state acquired by a municipality for airport purposes pursuant to the provisions of this chapter, and any income derived by such municipality from the ownership, operation or control thereof, shall be exempt from taxation to the same extent as other property used for public purposes.
Terms Used In Nevada Revised Statutes 496.260
- Airport: means any area of land or water which is used for the landing and takeoff of aircraft, and any appurtenant areas which are used for airport buildings or other airport facilities or rights-of-way, together with all airport buildings and facilities located thereon. See Nevada Revised Statutes 496.020
- Municipal: means pertaining to a municipality as defined in this section. See Nevada Revised Statutes 496.020
- Municipality: means any county, city or town of this state. See Nevada Revised Statutes 496.020
2. Any municipality is authorized to exempt from municipal taxation any property acquired within its boundaries by a public agency of another state for airport purposes, and any income derived from such property, to the extent that such other state authorizes similar exemptions from taxation to municipalities of this state.