Nevada § 361.106 - Exemption of property of certain apprenticeship programs
Full text of Nevada Nevada Revised Statutes § 361.106 — Exemption of property of certain apprenticeship programs, with citation guidance and answers to common questions.
§ 361.106. Exemption of property of certain apprenticeship programs
1. Except as otherwise provided in subsection 2, the real and personal property of
an apprenticeship program is exempt from taxation if the property is: (a) Held in a trust created pursuant to 29 U.S.C. § 186 ; or (b) Owned by a local or state apprenticeship committee and the apprenticeship program
is: (1) Operated by an organization which is qualified pursuant to 26 U.S.C. § 501(c)(3) or (5) ; and (2) Registered and approved by the State Apprenticeship Council pursuant to chapter 610 of NRS . 2. If any property exempt from taxation pursuant to subsection 1 is used for a purpose
other than that of the apprenticeship program required in subsection 1, and a rent
or other valuable consideration is received for its use, the property must be taxed,
unless the rent or other valuable consideration is paid or given by an organization
that qualifies as a tax-exempt organization pursuant to 26 U.S.C. § 501(c)(3) .
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 361.106
What does Nevada Revised Statutes § 361.106 cover?
Section 361.106 ("Exemption of property of certain apprenticeship programs") 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 § 361.106?
A common citation format is "Nevada Revised Statutes § 361.106" (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 § 361.106 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.