“Capital 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.
(Added to NRS by 1995, 2752; A 2001, 1170)
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