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Nevada Tax Structure & Incentives Tax Incentives

Tax Incentives


Nevada has NO:

  Corporate Income Tax
  Unitary Tax
  Inventory Tax
  Sales Tax on Food
  Estate and/or Gift Tax
  Personal Income Tax
  Franchise Tax
  Inheritance Tax
  Special Intangible 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:
  • 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.

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.

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

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