Nevada § 361.140 - Exemptions of certain charitable corporations

§ 361.140. Exemptions of certain charitable corporations

1. In addition to the corporations defined by law to be charitable corporations there

are hereby included: (a) Any corporation whose objects and purposes are religious, educational or for public

charity and whose funds have been derived in whole or substantial part from grants

or other donations from governmental entities or donations from the general public,

or both, not including donations from any officer or trustee of the corporation;

and (b) Any corporation prohibited by its articles of incorporation from declaring or

paying dividends, and where the money received by it is devoted to the general purpose

of charity and no portion of the money is permitted to inure to the benefit of any

private person engaged in managing the charity, except reasonable compensation for

necessary services actually rendered to the charity, and where indigent persons without

regard to race, color, sexual orientation, or gender identity or expression may receive

medical care and attention without charge or cost. 2. All buildings belonging to a corporation defined in subsection 1, together with

the land actually occupied by the corporation for the purposes described and the personal

property actually used in connection therewith, are exempt from taxation when used

solely for the purpose of the charitable corporation.