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In Nevada there is:
  • No corporate income tax
  • No personal income tax.  
  • No franchise tax on income.  
  • No inheritance or gift tax.  
  • No admissions tax.  
  • No unitary tax.
  • Minimal business tax--
    $25 per FTE per quarter. 

Property & Sales Tax Rates:

The current combined property tax rate is  $3.018 per $100 of assessed valuation. The current sales tax rate is 6.50% For more information, click here and look for the State Incentives site
Economic Development Incentive Programs
Offered at the State Level Include:
  • Sales and Use Tax Deferral Program  
  • Sales and Use Tax Abatement  
  • Business Tax Abatement  
  • Property Tax Abatement  
  • Train Employees Now (TEN)  
  • Property Tax Abatement for Recycling/Retail Wheeling
 Business Statistics

Incorporation:

Nevada offers a simple, fast and less costly process of incorporation. Incorporation in Nevada is handled through the Office of the Secretary of State. No minimum initial capital is required and annual filing fees are nominal. In addition, there are limited reporting and disclosure requirements. For more information, click here.  http://sos.state.nv.us/

Industrial Development Bonds:

The Department of Business & Industry issues tax-exempt industrial development bonds to provide low-interest financing for eligible businesses. The interest rate is negotiated between the sponsor and the lender. Cities and counties also issue industrial bonds for manufacturing, industrial warehousing, research and development, and pollution-control facilities. The maximum term is 40 years

Direct State Loans:

The Nevada Revolving Loan Fund program assists Nevada small businesses in obtaining "gap" financing to complete their business expansion projects. Up to $100,000 is available to Nevada businesses that cannot secure 100% financing from commercial lenders. The rates and terms are tailored to the particular needs of the business, with rates generally below prime and terms amortized up to 15 years. 

Technical Support Services:

The Procurement Outreach Program provides bid information and direct technical assistance to businesses selling goods and services to the government. The Nevada Small Business Development Center offers advice on operating businesses. The International Trade Program offers assistance to businesses to begin or expand exporting to international markets.

 
 

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