
Tax Incentives
Tax Incentives
Tax Incentives
| Nevada has NO: Corporate Income Tax
| Nevada's tax structure continues to be one of the east burdensome in the country, allowing both business and employees to flourish. | Nevada has NO corporate or personal income tax. |
| Average 2006-2007 Property Tax Rate Nye $3.4607 *Per $100.00 of assessed valuation. | Sales Tax Rate Nye 6.75% |
Tax Incentives
PROPERTY TAX ABATEMENT for RECYCLING Of 50% on real and personal property tax for those qualified recycling businesses that recycle at least 50% of the material or product on site. The 50% of tax can be abated for up to 10 consecutive years. | MODIFIED BUSINESS (PAYROLL) TAX ABATEMENT Partial abatement from the payroll tax may be obtained by new and expanding businesses. Statutory requirements, which must be met to qualify, include a minimum number of jobs created, a minimum capital investment, and wage and employee health plan requirements. Taxes may be abated by 50 percent for 4 years. | PERSONAL PROPERTY TAX ABATEMENT Real and personal property tax abatement is available to qualified recycling businesses. At least 50 percent of the material or product must be recycled on site. Fifty percent of real and personal property tax can be abated for up to ten consecutive years. A commitment to stay in Nevada on behalf of the company is required as well as acknowledgement from local governmental entities. |
PROPERTY TAX EXEMPTIONS The following are exempt from property tax:
| RENEWAL & ENERGY STORAGE ABATEMENTS For those companies involved in the production of energy from renewable sources such as wind, solar, and others, or a facility for the production of an energy storage device, there is a package of abatements available including sales/use tax and property tax. This abatement is intended for independent power providers. | |
SALES & TAX EXEMPTIONS On the gross receipts, for certain businesses engaged in air transportation, from the sale of aircraft and/or the major components thereof. | SALES TAX DEFERRAL The state of Nevada offers a sales & use tax deferment program to qualified industries that purchase specific types of capital equipment in excess of $100,000. Taxes can be deferred interest-free for up to five years. | SALES & USE TAX ABATEMENT An abatement of sales & use tax on eligible machinery and equipment is available to businesses with operations consistent to Nevada's state plan for economic diversification and development. Qualifying criteria include a commitment to doing business in Nevada, minimum job creation, employee health plans, and wage requirements. |
