Nevada § 354.598743 - Adjustment of allowed revenue from taxes ad valorem upon assumption by local government of function previously performed by another local government that no longer exists
Full text of Nevada Nevada Revised Statutes § 354.598743 — Adjustment of allowed revenue from taxes ad valorem upon assumption by local government of function previously performed by another local government that no longer exists, with citation guidance and answers to common questions.
§ 354.598743. Adjustment of allowed revenue from taxes ad valorem upon assumption by local government of function previously performed by another local government that no longer exists
Except as otherwise provided in NRS 354.598747 , if one or more local governments assume the functions previously performed by a
local government that no longer exists, the Nevada Tax Commission shall add to the
allowed revenue from taxes ad valorem otherwise allowable to the local government
or local governments pursuant to NRS 354.59811 an amount equal to the allowed revenue from taxes ad valorem for the last fiscal
year of existence of the local government whose functions were assumed. If more than one local government assumes the functions, the additional revenue must
be divided among the local governments on the basis of the proportionate costs of
the functions assumed. The Nevada Tax Commission shall not allow any increase in the allowed revenue from
taxes ad valorem if the increase would result in a decrease in revenue of any local
government in the county that does not assume those functions.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 354.598743
What does Nevada Revised Statutes § 354.598743 cover?
Section 354.598743 ("Adjustment of allowed revenue from taxes ad valorem upon assumption by local government of function previously performed by another local government that no longer exists") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 354.598743?
A common citation format is "Nevada Revised Statutes § 354.598743" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 354.598743 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.