Capital improvement defined.
Nev. Rev. Stat. § 118B.0113
in effectCapital improvement means an addition or betterment made to a manufactured home park that:
1. Consists of more than the repair or replacement of an existing facility;
2. Is required by law to be amortized over its useful life for the purposes of income tax; and
3. Has a useful life of 5 years or more.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-118B.htmlFetched: 10/4/2026