Low Tax Environment

TAX CLIMATE

The outstanding tax climate in Nevada is one of the best reasons to do business in the state. This tax structure also clearly distinguishes Nevada as offering a business environment very few states can match.

In Nevada there is:

• No Corporate Income Tax
• No Personal Income Tax
• No Franchise Tax on Income
• No Inheritance or Gift Tax
• No Unitary Tax
• No Estate Tax
• Competitive Sales and Property Tax Rates
• Minimal Employer Payroll Tax

STATE INCENTIVES

In addition to the minimal tax environment, Nevada has programs to reduce the amount of taxes that it does impose. We offer sales tax abatement and deferral programs, payroll tax abatements and property tax abatements to qualifying companies. Since the state doesn’t collect corporate income taxes, we don’t offer complicated and misleading tax credits like many other states.

For more detailed information about these programs, please see the following overviews:

• Sales and Use Tax Abatement
• Sales and Use Tax Deferral Program
• Personal Property Tax Abatement
• Modified Business Tax Abatement
• Train Employees Now (TEN)
• Property Tax Abatement for Recycling
• Intellectual Property Abatements

The following represent the requirements to qualify for the tax abatement programs:

Urban Area Requirements

• Minimum State Requirements for Urban Areas
• Minimum State Requirements for Urban Recycling and Intellectual Property

Rural Area Requirements

• Minimum State Requirements for Rural Areas
• Minimum State Requirements for Rural Recycling and Intellectual Property 

Expansion Requirements

• Minimum State Requirements for Expansions

Statewide Average Wage By County

Sales Tax Rate By County

To apply for these programs, you'll need to contact the appropriate Economic Development Authority. They will provide you with the expertise to guide you through the application process.