Economic Development

Taxes & Incentives

 The incentives of doing business in Nevada are expansive. Nevada boasts one of the most liberal tax structures in the nation and from a tax-planning perspective, the return on investment in the form of tax saving dollars can be enormous. Explore the numerous advantages of doing business in Nevada.

Incentives

Urban Nevada

Urban Incentive Guide
Rural Nevada

Rural Nevada Incentive Guide

Incentive Programs

The State of Nevada, through the Governor’s Office of Economic Development, offers a variety of incentives to help qualifying companies make the decision to do business in the state, including sales tax abatements on capital equipment purchases, sales and use tax deferral on capital equipment purchases, abatements on personal and modified business taxes, real property tax abatements for recycling, assistance with the cost of intellectual property development, and employee training grants. The State now offers abatements on aviation parts and data centers, as well. For a full list of incentive programs, please visit the Nevada Governor's Office of Economic Development.


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Nevada Property Tax Rates by County

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Western States Business Cost Comparison Matrix

 

Return to TopCompany Paid Taxes

General Business

The tax rate for most General Business employers, as opposed to Financial Institutions, is 1.475% on wages after deduction of health benefits paid by the employer and certain wages paid to qualified veterans. However, the first $50,000 of gross wages is not taxable. For example: if the sum of all wages for the 9/15 quarter is $101,000 after health care and qualified veteran wage deductions, the tax is $752.25 ($101,000 – $50,000 = $51,000 x 0.01475). These are changes that became effective July 1, 2015 pursuant to SB283 of the 2015 legislative session. A tax return will still need to be filed by all employers, even if the taxable wages are less than $50,000 and tax due is $0.

For more information, please visit the Nevada Department of Taxation.

Inventory Tax

Nevada has NO Inventory Tax on inventories held for sale within Nevada or for interstate transit.

Company Paid Unemployment

New employers pay Unemployment Insurance (UI) taxes at a rate of 3 percent of taxable wages until they are eligible for experience rating. The employer retains this rate for a period of 14 to 17 calendar quarters (depending on the quarter in which he becomes subject to the law), after which his rate will be determined under the "Experience Rating" system.

Once you are eligible for experience rating, your rate is determined by two factors:

  • Your reserve ratio, which is a measure of your previous experience with unemployment (See page 17 of the Nevada Unemployment Compensation Program employer handbook); and

  • The reserve ratio schedule in effect. The administrator establishes, by regulation, the schedule to be in effect for each calendar year. Changes to the schedule are made according to the trust fund balance, economic conditions, and forecasts. The law provides for an annual test of the trust fund for a guideline. The balance should be sufficient to pay benefits for one full year, disregarding any additional income (Department of Labor recommends sufficient funds to pay benefits for 1-2 years).

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Business Tax Climate Index