Nevada § 496.260 - Property and income exempt from taxation
Full text of Nevada Nevada Revised Statutes § 496.260 — Property and income exempt from taxation, with citation guidance and answers to common questions.
§ 496.260. Property and income exempt from taxation
1. Any property in this state acquired by a municipality for airport purposes pursuant
to the provisions of this chapter, and any income derived by such municipality from
the ownership, operation or control thereof, shall be exempt from taxation to the
same extent as other property used for public purposes. 2. Any municipality is authorized to exempt from municipal taxation any property acquired
within its boundaries by a public agency of another state for airport purposes, and
any income derived from such property, to the extent that such other state authorizes
similar exemptions from taxation to municipalities of this state.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 496.260
What does Nevada Revised Statutes § 496.260 cover?
Section 496.260 ("Property and income exempt from taxation") 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 § 496.260?
A common citation format is "Nevada Revised Statutes § 496.260" (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 § 496.260 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.