Nevada Code § 287.460

Federal requirements prerequisite for operation of plan; taxation of deferred income by State or political subdivision
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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.
2. 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.

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