Bonds and other securities issued by Bank exempt from taxation. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]

  1. Law
  2. Nevada Revised Statutes
  3. Highways, Roads and Transportation Facilities
  4. Bonds and other securities issued by Bank exempt from taxation. [Effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069.]

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1. Except as otherwise provided in subsection 2, bonds and other securities issued by the Bank pursuant to the provisions of NRS 408.55048 to 408.55088, inclusive, their transfer and the income therefrom must forever be and remain free and exempt from taxation by this State or any subdivision thereof.

2. The provisions of subsection 1 do not apply to the tax on estates imposed pursuant to the provisions of chapter 375A of NRS or the tax on generation-skipping transfers imposed pursuant to the provisions of chapter 375B of NRS.

(Added to NRS by 2017, 4136, effective on the date on which the Director of the Department of Transportation notifies the Governor and the Director of the Legislative Counsel Bureau that sufficient money is available to capitalize and carry out the business of the Nevada State Infrastructure Bank created by NRS 408.55069)


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