Nev. Admin. Code § 361.1305

Current through April 30, 2024

Section 361.1305 - Billboards

1. The taxable value of a billboard is the cost of replacement of the billboard less depreciation and obsolescence.

2. The cost of replacement of a billboard must be computed by multiplying the cost of acquisition to the current owner by the appropriate factor located in the annual Personal Property Manual. The factor that corresponds to the year the billboard was acquired must be used. Additional depreciation and obsolescence may be calculated separately.

Nev. Admin. Code § 361.1305

Added to NAC by Tax Comm'n, eff. 8-2-90; A by R031-03, 8-4-2004

NRS 360.090, 360.250, 361.227