
Current Nevada Commission on Economic Development Incentives
Download the Nevada Incentive Program (PDF)
State Incentive Programs:
Incentives: | State of Nevada – NCED: |
Sales Tax Abatement: |
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Sales Tax Deferral: |
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Modified Business Tax (Payroll Tax) Abatement: |
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Personal Property Tax Abatement: |
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Property Tax Abatement for Recycling: |
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Qualification Criteria:
- Primary company (jobs)
- A majority of the Nevada operation’s revenue is generated outside the state
- Must agree to do business in Nevada for at least five years at or above the initial level
- Must comply with all state and local business licensing requirements
- Provide health insurance to the employee (and cover 25% of the cost) with an option for the dependents
- Application must be brought to NCED from a recognized development authority
Sales and Use Tax Abatement:
All but 2% of the applicable sales & use tax can be abated (NRS mandate)
- 2% goes to the state general fund
The abatement is eligible for the capital equipment listed in the application
only
Example: New company located in Sparks is approved for abatement on $1,000,000 of new equipment
Tax Rate | Equipment | Tax | |
Total applicable Tax | 7.725% | 1,000,000 | $77,250 |
Total applicable Tax | 7.725% | 1,000,000 | $77,250 |
Not eligible for abatement | 2% | 1,000,000 | $20,000 paid |
Abatement | 5.725% | 1,000,000 | $57,250 abated |
Current Nevada Commission on Economic Development Incentives
Download the Nevada Incentive Program (PDF)
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