361.228 - Intangible personal property: Exemption from taxation; prohibition against consideration of value; consideration of attributes of real property. - Nevada Statutes

361.228  Intangible personal property: Exemption from taxation; prohibition against consideration of value; consideration of attributes of real property.

      1.  All intangible personal property is exempt from taxation, including, without limitation:

      (a) Shares of stock, bonds, mortgages, notes, bank deposits, book accounts such as an acquisition adjustment and credits, and securities and choses in action of like character; and

      (b) Goodwill, customer lists, contracts and contract rights, patents, trademarks, trade names, custom computer programs, copyrights, trade secrets, franchises and licenses.

      2.  The value of intangible personal property must not enhance or be reflected in the value of real property or tangible personal property.

      3.  The attributes of real property, such as zoning, location, water rights, view and geographic features, are not intangible personal property and must be considered in valuing the real property, if appropriate.

      (Added to NRS by 1999, 3273; A 2005, 2654)