NV Business Incentive Programs

NO Corporate Income Tax
NO Unitary Tax
NO Personal State Income Tax
NO Inventory Tax
NO Estate and/or Gift Tax
NO Franchise Tax
NO Inheritance Tax
NO Special Intangible Tax

Green Building Abatements

A partial abatement on real property, which has a building or other structure certified as silver level or higher under the Environmental Design Green Building Rating System adopted by Nevada's Office of Energy, is available. Twenty-five to thirty-five percent of real property tax may be abated for five to ten consecutive years. A commitment to stay in Nevada on behalf of the company is required as well as acknowledgment from local governmental entities.

Industrial Development Bonds (IDB's)

Nevada is authorized to use tax-exempt IDB's to provide low-interest financing of new construction, improvements, rehabilitation, or redevelopment of qualified projects, which include manufacturing facilities and certain other projects organized under Section 501 of the Internal Revenue Service code.

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 up to 4 years.

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Nevada Hub Zone Development

Sales & Use Tax and Personal Property Tax abatements are available to locating or expanding businesses in historically underutilized business zones and enterprise communities. Additional incentives are possibly available to grocery stores and to businesses hiring dislocated workers.

Personal Property Tax Abatement

An abatement of personal property tax is available to new and expanding businesses. Qualifying criteria include a commitment to doing business in Nevada, minimum job creation, employee health plans, minimum capital investment, and wage requirements.

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 acknowledgment from local governmental entities.

Property Tax Exemptions

Exemptions from property tax include the following:

Inventories held for sale within Nevada;
All personal property stored, assembled or processed for interstate transit;
All raw materials and supplies utilized in the manufacturing process;
All real and personal property that qualifies and is used for the purpose of air and/or water pollution control;
Others may be applicable depending on the company's situation.

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Renewable & 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 packages of abatements available including sales/use tax and property tax. This abatement is intended for independent power providers.

Right To Work State

State law prohibits the establishment of closed shop policies.

Sales and 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.

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 Tax Exemptions

Certain aircraft engaged in air transportation are exempted from taxes imposed on gross receipts from the sale of aircraft and major components of aircraft.

Technical & Support Services

The Procurement Outreach Program provides bid information and direct technical assistance to businesses selling goods and services to the government.

Train Employees Now (TEN)

Nevada offers a customized job training program to qualified businesses that meet established criteria. This program may be used prior to a plant opening and up to 90 days following.

Qualifying criteria for all tax incentive programs should be verified through Nevada's taxing agencies.

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