Taxes & Incentives

Clark County’s low tax rate is one of the biggest reasons companies choose Southern Nevada to do business. The Silver State has no estate tax, no franchise tax and no personal income tax, leading to an unencumbered business environment that allows businesses to focus on growth rather than tax filing.

In Nevada, businesses do not face a state-level personal or corporate income tax. Instead, Nevada’s taxes for businesses are given through specific obligations like the Modified Business Tax (MBT), a payroll tax levied on wages, and the Commerce Tax, a gross revenue tax for businesses exceeding $4 million in a fiscal year. Businesses are also responsible for the unemployment insurance tax. Since these taxes are limited in scope and straightforward for companies, this creates a consistency that allows businesses to plan and budget without any major surprises.

Many in the community recognize the positive impact of business in the region, with over 60% supporting performance-based tax incentives for companies that create new jobs.

Companies operating in Nevada have access to hundreds of powerful business incentives, from sales tax and property tax abatements for data centers and capital equipment purchases to accessing the benefits of an established Foreign Trade Zone for businesses involved in international trade and competitive tax credits. The Governor’s Office of Economic Development, in partnership with Silver State Works Employee Hiring Incentive, provides employers up to $2,000 for hiring state-qualified candidates.

As a viable contender for the new innovation capital of the nation, Clark County continues to introduce attractive policies and incentives that support the growth of industries and businesses involved in emerging technologies.

The four most beneficial/most common Nevada business incentives for businesses relocating to the state often include:

• The Sales and Use Tax Abatement, which grants a sales and use tax abatement on qualified capital equipment purchases, brings reductions in the rate to as low as 2%.
• The Real Property Tax Abatement for Recycling, which grants up to 50% abatement for up to 10 years on real and personal property for qualified recycling businesses.
• The Modified Business Tax Abatement, which is an abatement of 50 percent of the 1.17% rate on quarterly wages exceeding $50,000.
• The Personal Property Tax Abatement, which is an abatement on personal property not to exceed 50% over a maximum of 10 years.

For more information on qualifications, the Nevada governor’s office explains the exact requirements your business needs to meet.

Navigating and accessing business incentives when relocating or expanding to a new state can be a daunting task. Our team of experts is here to help navigate how your business can benefit from Clark County’s business landscape.