1. Primary Jobs are those where the revenue
generated to pay the employees is generated from outside the economic region.
Businesses developing intellectual property into a commercial product may
apply for Sales & Use or Personal Property Tax abatements with 10 full
time employees.
2. The average hourly wage that is paid by the business is at least 100 percent
of the average statewide hourly wage or the average countywide hourly wage,
which ever is less, as established by the Department of Employment, Training
and Rehabilitation. Additionally, the business will provide a health insurance
plan for all employees that includes an option for dependents of the employees.
3. Letters of Acknowledgment can be obtained by the governing body after evaluating
whether the abatement would be beneficial to the economic development of the
community.
NCED, Research 7/9/07
| Incentives and Criteria |
| Recycling Property Tax Abatement |
Renewable & Energy Storage Abatements |
| AB.621 |
AB.621 |
AB.621 |
| Up to 50% abatement for up to 10 years on real and personal property
for qualified recycling businesses |
50% abatement for up to 10 years on real and personal property for
qualified energy companies |
A partial abatement of sales/use tax on capital equipment purchases |
| Capital Investment |
$500,000 |
$500,000 |
$500,000 |
| Number of Primary Jobs Created1 |
15 |
15 |
15 |
| Minimum Hourly Wage Level2 |
$18.72 |
$18.72 |
$18.72 |
| Other Requirements |
| Health Insurance |
Required |
Required |
Required |
| Nevada Business Licenses & Permits |
Required |
Required |
Required |
| Letter of Acknowledgment |
Required |
Required |
Required |
| Business Commitment Term |
At least 5 years |
At least 5 years |
At least 5 years |
| Comments |
50% of product components recycled on site |
Minimum 10kw production capacity; intended for independent power
producers to the grid. Not for residential. |
Renewable Energy
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