278C.130 - “Tax increment area” defined. - Nevada Statutes

278C.130  “Tax increment area” defined.  “Tax increment area” means the area:

      1.  Whose boundaries are coterminous with those of a specially benefited zone established as provided in NRS 278C.150;

      2.  Specially benefited by an undertaking under this chapter;

      3.  Designated by ordinance as provided in NRS 278C.220; and

      4.  In which is located the taxable property the assessed valuation of which is the basis for the allocation of tax proceeds to the tax increment account pursuant to NRS 278C.250.

      (Added to NRS by 2005, 1758)