427A.522 - Calculation of homeowner’s refund and renter’s refund. - Nevada Statutes

427A.522  Calculation of homeowner’s refund and renter’s refund.  A senior citizen is entitled to a refund calculated pro rata pursuant to NRS 427A.515 and 427A.520, respectively, for the portion of the year that the senior citizen owned and rented his or her primary residence if the senior citizen has maintained his or her primary residence in Nevada since July 1 of the preceding calendar year and:

      1.  For any portion of that year, owned his or her home and would have otherwise been entitled to a refund pursuant to NRS 427A.515 if he or she has owned the home for the entire year; and

      2.  For all the remaining portion of that year, rented a home or lot for his or her primary residence and would have otherwise been entitled to a refund pursuant to NRS 427A.520 if he or she has rented the home for the entire year.

      (Added to NRS by 2001, 1540; A 2003, 190, 191)