Economic Development Futures Journal

Thursday, August 12, 2004

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Nevada's ED Incentives

Everybody is looking for new ideas on incentives. I like the portfolio of tools that Nevada has to offer. This is straight off the Nevada Commission on Economic Development website.

IncentivesTax Climate

The outstanding tax climate in Nevada is one of the best reasons to do business in the state. This tax structure also clearly distinguishes Nevada as offering a business environment very few states can match.

In Nevada there is:

No Corporate Income Tax
No Personal Income Tax
No Franchise Tax on Income
No Inheritance or Gift Tax
No Admissions Tax
No Unitary Tax
No Estate Tax*
Competitive Sales and Property Tax Rates
Minimal Employer Payroll Tax - 0.7% of gross wages with deductions for employer paid health insurance

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