{"data":{"id":"us-nv/nrs-287.460","jurisdiction":"us-nv","citation":"NRS 287.460","heading":"Federal requirements prerequisite for operation of plan; taxation of deferred income by State or political subdivision.","body":"1. No plan in the program becomes effective and no deferral may be made until the plan meets the requirements of 26 U.S.C. § 401(a) or 457, as applicable, for eligibility.\n2. Income deferred during a period in which no income tax is imposed by the State or a political subdivision may not be taxed when paid to the employee.","path":["TITLE 23 — PUBLIC OFFICERS AND EMPLOYEES","CHAPTER 287 - PROGRAMS FOR PUBLIC EMPLOYEES","DEFERRED COMPENSATION FOR EMPLOYEES OF POLITICAL SUBDIVISIONS"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-287.html#NRS287Sec460","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:36Z","sha256":"3de37c85c88084e2abceca73cebd27f38031a506c169507afe302d438e97a2fc","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-287.450","next":"us-nv/nrs-287.470"},"notice":"GroundRules: Original legal text. Not legal advice."}