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.
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.