Federal requirements prerequisite for operation of plan; taxation of deferred income by State or political subdivision.
Nev. Rev. Stat. § 287.460
in effect1. 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.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-287.htmlFetched: 10/4/2026