Nevada § 361.323 - Determination and apportionment of valuation for property of electric light and power companies used to generate or transmit electricity for use outside State
Full text of Nevada Nevada Revised Statutes § 361.323 — Determination and apportionment of valuation for property of electric light and power companies used to generate or transmit electricity for use outside State, with citation guidance and answers to common questions.
§ 361.323. Determination and apportionment of valuation for property of electric light and power companies used to generate or transmit electricity for use outside State
1. Except as otherwise provided in NRS 361.320 , where 75 percent or more of the physical property of an electric light and power
company is devoted to the generation or transmission of electricity for use outside
the State of Nevada and the physical property also includes three or more operating
units which are not interconnected at any point within the State of Nevada, the Nevada
Tax Commission shall successively: (a) Determine separately the valuation of each operating unit, using the criteria
provided in subsection 2 of NRS 361.320 . (b) Apportion 15 percent of the valuation of each operating unit which generates electricity
predominantly for use outside Nevada to each other operating unit within the State
of Nevada. (c) Apportion the valuation of each operating unit, adjusted as required by paragraph
(b) upon a mile-unit basis among the counties in which the operating unit is located. 2. Except as otherwise provided in NRS 361.320 , where 75 percent or more of the physical property of an electric light and power
company is devoted to the generation or transmission of electricity for use outside
the State of Nevada and the physical property also includes two but not more than
two operating units which are not interconnected at any point within the State of
Nevada, the Nevada Tax Commission shall successively: (a) Determine separately the valuation of each operating unit, using the criteria
provided in subsection 2 of NRS 361.320 . (b) Apportion 20 percent of the valuation of each operating unit which generates electricity
predominantly for use outside Nevada to each other operating unit within the State
of Nevada. (c) Apportion the valuation of each operating unit, adjusted as required by paragraph
(b) upon a mile-unit basis among the counties in which the operating unit is located.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 361.323
What does Nevada Revised Statutes § 361.323 cover?
Section 361.323 ("Determination and apportionment of valuation for property of electric light and power companies used to generate or transmit electricity for use outside State") 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 § 361.323?
A common citation format is "Nevada Revised Statutes § 361.323" (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 § 361.323 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.