Business Incentives

Nevada Incentives and Reasons to Move to Nevada

Current Nevada Commission on Economic Development Incentives
Download the Nevada Incentive Program (PDF)

State Incentive Programs:

Incentives: State of Nevada – NCED:
Sales Tax Abatement:
  • An abatement of sales & use tax on eligible machinery and equipment listed on application only
  • Under abatement rate would be 2%
Sales Tax Deferral:
  • Sales tax that can’t be abated – can be deferred
  • Setting up a payment plan for taxes – equal monthly payments over 60 months (5 year payment plan)
Modified Business Tax (Payroll Tax) Abatement:
  • Abatement is 50% for 4 Years on new jobs
Personal Property Tax Abatement:
  • Eligible for up to 50% abatement of personal property tax over 10 years
  • Abatement applied to equipment listed on the application
Property Tax Abatement for Recycling:
  • Real and personal property tax abatement is available to qualified recycling businesses (50% for 10 years)
  • At least 50 percent of the material or product must be recycled on site.

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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