Deductions: Interpretation of certain statutory terms. [Effective through December 31, 2015.]

For the purposes of: 1. Paragraph (j) of subsection 3 of NRS 362.120 , the Nevada Tax Commission will interpret the term “developmental work” to have the meaning ascribed to it in NAC 362.006 . 2. Paragraph (c) of subsection 7 of NRS 362.120 , the Nevada Tax Commission will interpret the term “costs of severing the employment of any employees” to: (a) Exclude, without limitation, the costs of: (1) Any wages, salary or production bonuses earned by an employee before the date of termination of his or her employment; and (2) Any pension benefits, vacation leave and sick leave accrued by an employee before the date of termination of his or her employment; and (b) Except as otherwise provided in paragraph (a), include, without limitation, the costs of any: (1) Additional payments based on length of service; (2) Cash bonuses; (3) Stock options; (4) Medical insurance, dental insurance and life insurance; (5) Payments made in lieu of a required period of notice; (6) Negotiated financial sums paid pursuant to an agreement absolving the employer from any further liability to an employee; (7) Voluntary redundancy packages offered by an employer to attract volunteers to leave the employment of the employer; and (8) Assistance in searching for new positions of employment. 3. Paragraph (f) of subsection 7 of NRS 362.120 , the Nevada Tax Commission will interpret the term “mineral exploration” to have the meaning ascribed to it in NAC 362.007 .