American British Business 2006/7

ABB 2006/7 | State Profiles | Western region | Nevada

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Nevada

Nevada is steeped in variety. Living in the “Silver State” offers the excitement and sophistication of urban areas, or peaceful, hometown living in one of Nevada’s rural communities.

All of Nevada’s communities are surrounded by spectacular mountains, lakes, streams, lush valleys and high desert scenery – a perfect backdrop for worldclass outdoor recreation opportunities. Nevada’s arts, cultural and entertainment environment is rich and diverse. Additionally, Nevada’s location provides for easy access by car or air to some of the largest, most sophisticated metropolitan areas in the world. The Nevada Commission on Economic Development works to diversify the state’s economy by attracting businesses to Nevada.

The Commission administers the tax incentive programmes offered by the state, including tax deferrals and abatements, as well as the Train Employees Now programme. Commission professionals also provide strategic leadership and assistance in areas vital to economic diversification, such as global trade and investment. In addition, the Nevada Commission on Economic Development serves as the gateway to a network of regional development authorities with whom the Commission works very closely.

These development authorities are the experts regarding local political climates, business opportunities, and real estate costs and availability. 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:

Sun rising behind the palms, at Las Vegas Nevada

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

The economic development incentive programmes offered at the state level include:

Sales and Use Tax Deferral Program
Sales and Use Tax Abatement
Business Tax Abatement* Property Tax Abatement
Train Employees Now
Property Tax Abatement for Recycling/Retail Wheeling
Renewable Energy Abatements

For more information, contact:
Nevada Commission on Economic Development
108 E. Proctor St.
Carson City, NV 89701
Tel: 001 775 687 4325
Website: www.expand2nevada.com

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