361.0905 - Waiver of veteran’s exemption; designation of any amount of exemption for credit to Gift Account for Veterans’ Homes. - Nevada Statutes

361.0905  Waiver of veteran’s exemption; designation of any amount of exemption for credit to Gift Account for Veterans’ Homes.

      1.  Any person who qualifies for an exemption pursuant to NRS 361.090 or 361.091 may, in lieu of claiming the exemption:

      (a) Pay to the county assessor all or any portion of the amount by which the tax would be reduced if the person claimed the exemption; and

      (b) Direct the county assessor to deposit that amount for credit to the Gift Account for Veterans’ Homes established pursuant to NRS 417.145.

      2.  Any person who wishes to waive his or her exemption pursuant to this section shall designate the amount to be credited to the Account on a form provided by the Nevada Tax Commission.

      3.  The county assessor shall deposit any money received pursuant to this section with the State Treasurer for credit to the Gift Account for Veterans’ Homes established pursuant to NRS 417.145. The State Treasurer shall not accept more than a total of $2,000,000 for credit to the Account pursuant to this section and NRS 371.1035 during any fiscal year.

      (Added to NRS by 1995, 2295; A 2001, 1524; 2003, 2753, 2754)