Nevada Revised Statutes Title 23. Public Officers and Employees § 287.460. Federal requirements prerequisite for operation of plan; taxation of deferred income by State or political subdivision

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.