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Nevada Tax Commission to hold public hearing on proposed regulations regarding determination of taxable situs and allocation of value of locally assessed aircraft

October 29, 2020 2:22 PM | Jeff Fontaine

The Nevada Tax Commission will hold a public hearing on December 7, 2020 at 9:00 a.m. to receive testimony from all interested persons and consider and take action on proposed adoption of amendments, additions and deletions to the Nevada Administrative Code Chapter 361, regarding determination of taxable situs and allocation of value of locally assessed aircraft.

The need and purpose of the proposed regulation is to provide necessary guidance to assessors for the determination of the taxable situs of aircraft. In the event that an aircraft has more than one taxable situs, the regulation provides a standardized formula for the allocation of value between Nevada and other locations. Click here for more information.


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