{"data":{"id":"us-nv/nrs-361.062","jurisdiction":"us-nv","citation":"NRS 361.062","heading":"Property of trusts for furtherance of public functions exempted.","body":"All property, both real and personal, of a trust created for the benefit and furtherance of any public function pursuant to the provisions of general or special law is exempt from taxation; but moneys in lieu of taxes may be paid to the beneficiary pursuant to any agreement contained in the instrument creating the trust.","path":["TITLE 32 — REVENUE AND TAXATION","CHAPTER 361 - PROPERTY TAX","ASSESSMENT","Taxable and Exempt Property"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-361.html#NRS361Sec062","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:37Z","sha256":"6501be0d4e251357c6ce803a2003e17ac86c4db1d315da1991f0a28fe15199c8","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-361.061","next":"us-nv/nrs-361.065"},"notice":"GroundRules: Original legal text. Not legal advice."}