Corporate stocks, bonds and securities not taxed when owned by nonresidents or foreign corporations; exception.

  1. Law
  2. Nevada Revised Statutes
  3. Private Corporations
  4. Corporate stocks, bonds and securities not taxed when owned by nonresidents or foreign corporations; exception.

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1. Except as otherwise provided in subsection 2, no stocks, bonds or other securities issued by any corporation organized under this chapter, nor the income or profits therefrom, nor the transfer thereof by assignment, descent, testamentary disposition or otherwise, shall be taxed by this State when such stocks, bonds or other securities shall be owned by nonresidents of this State or by foreign corporations.

2. The provisions of subsection 1 do not apply to the commerce tax imposed pursuant to chapter 363C of NRS.

[87:177:1925; A 1929, 413; NCL § 1686] — (NRS A 2015, 2906)


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