Incentives & financing

TAX INCENTIVES

Nevada is a business-friendly state with a very low-regulation environment, a streamlined licensing and approval processes, and a favorable tax environment for business and industry. A state with the workforce development and education in place to support our economic development.

Nevada ranks as the 7th best state in the Tax Foundation’s 2020 State Business Tax Climate Index, an independent ranking of states in five areas of taxation: corporate taxes; individual income taxes, sales taxes, unemployment insurance taxes, and taxes on property, including residential and commercial property.

  • No Taxes on Corporate Shares

  • No Franchise Tax

  • No Personal Income Tax

  • No Franchise Tax on Income

  • No Inheritance or Gift Tax

  • No Unitary Tax

  • No Estate Tax

  • Competitive Sales and Property Tax Rates

  • No Corporate Income Tax

ECONOMIC DEVELOPMENT INCENTIVES

Through the State of Nevada Governor’s Office of Economic Development, a variety of incentives are available to support qualifying companies who decide to set up business in the State, including:

  • Sales tax abatements on capital equipment purchases

  • Modified business tax abatement

  • Personal property tax abatement

  • Real property tax abatements for recycling

  • Aviation parts tax abatement

  • Data centers tax abatement