BUSINESS INCENTIVES
Nevada is a one-of-a
kind state!
Discover the advantages that make Nevada an ideal destination for doing business. From company incentives that encourage private sector firms to create jobs, invest in communities, and strengthen local industries to a pro-business culture, experience first-hand why Nevada stands out as a beacon for innovation, growth, and opportunity. We invite you to explore, thrive and elevate your business here in the Silver State!
Standard Abatements
The State/GOED provides Standard Tax Abatements covering sales and use tax, personal property, modified business taxes, as well as a real property abatement for recycling.
Standard Abatements
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Sales and Use Tax Abatement
Sales and use tax abatement on qualified capital equipment purchases, with reductions in the rate to as low as 2%.
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Modified Business Tax Abatement
An abatement of 50 percent of the 1.17% rate on quarterly wages exceeding $50,000.
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Personal Property Tax Abatement
An abatement on personal property not to exceed 50% over a maximum of 10 years.
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Real Property Tax Abatement for Recycling
Up to 50% abatement for up to 10 years on real and personal property for qualified recycling businesses. Further information available here.
Qualifying Criteria for Tax Abatements:
A company must meet two criteria out of three.
- Average Wage (Statewide average wage) – must meet average wage*
- Capital Investment
- Number of Primary Jobs created
Note: The company has to offer a medical insurance plan and pay at least 65% of the plan’s premium costs.
Company Responsibilities:
- Maintain the business in Nevada for 5 years
- Register pursuant to the laws of Nevada
- Generate more than 50% of revenue from the project from outside of the State
Note: For the most current statewide average wage visit: https://nevadaworkforce.com/
In addition:
Indicate on the application the company’s plan to fulfill workforce needs.
Data Center Abatements
Partial abatements from Personal Property and Sales & Use Taxes are available to aviation companies that locate or expand their business in Nevada.
Data Center Abatements
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Sales and use tax abatement for up to 10 years on qualified capital equipment purchases, with reductions in the rate to as low as 2%.
* Requires the Governor’s Office of Economic Development (GOED) Board to approve a reduction to 2% by a two-thirds vote.
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An abatement on personal property not to exceed 50% over a maximum of 10 years.
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Requirements to Qualify
■ Create 5 or more new full-time jobs within one year
■ Pay an average wage of at least 100% of the Statewide Average Wage
■ Indicate on the application the company’s plan to fulfill workforce needs.
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In addition to the above requirements the company must meet ONE of the following criteria:
■ Make a new capital investment of at least $250,000 within 1 year
■ Maintain and possess in this State tangible personal property of not less than $5,000,000
■ The business develops, refines or owns a patent or other intellectual property, or has been issued FAA certificate (14 CFR Part 21)
Aviation Abatements
Partial abatements from Personal Property and Sales & Use Taxes are available to aviation companies that locate or expand their business in Nevada.
Aviation Abatements
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Sales and use tax abatement for up to 10 years on qualified capital equipment purchases, with reductions in the rate to as low as 2%.
* Requires the Governor’s Office of Economic Development (GOED) Board to approve a reduction to 2% by a two-thirds vote.
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An abatement on personal property not to exceed 50% over a maximum of 10 years.
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Requirements to Qualify
■ Create 5 or more new full-time jobs within one year
■ Pay an average wage of at least 100% of the Statewide Average Wage
■ Indicate on the application the company’s plan to fulfill workforce needs.
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In addition to the above requirements the company must meet ONE of the following criteria:
■ Make a new capital investment of at least $250,000 within 1 year
■ Maintain and possess in this State tangible personal property of not less than $5,000,000
■ The business develops, refines or owns a patent or other intellectual property, or has been issued FAA certificate (14 CFR Part 21)
$1B Investment and $3.5B Investment Abatements
Up to 50% abatement for up to 10 years on real and personal property for qualified recycling businesses.
$1B Investment and $3.5B Investment Abatements
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Capital Investment of at least $1 Billion
Abatement of Taxes Include:
■ Sales and Use Tax Reduction – Depending on the county a company chooses to locate in, the reduced rate ranges between 4.6% and 6.125% for 15 years.
■ MBT – 75% for 10 years.
■ Property Taxes (Real and Personal) – 75% for 10 years.
No longer available: Transferrable Tax Credit’s (TCCs) $38M available; $9,500 for each qualified employee up to 4,000 jobs. Sunset on June 30, 2025.
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Capital Investment of at least $3.5 Billion
Abatement of Taxes Include:
■ Sales and Use Tax Reduction – Depending on the county a company chooses to locate in, the reduced rate ranges between 4.6% and 6.125% for 20 years.
■ MBT – 100% for 10 years.
■ Property Taxes (Real and Personal) – 100% for 10 years
No longer available: Transferrable Tax Credit’s (TCCs) $38M available; $9,500 for each qualified employee up to 4,000 jobs. Sunset on June 30, 2025.
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In addition:
Indicate on the application the company’s plan to fulfill workforce needs.
Real Property Recycling Tax Abatements
Qualifying businesses can receive a partial abatement of up to 50% of the tax due on real property over a maximum of 10 years.
Real Property Recycling Tax Abatements
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Requirements to Qualify
■ Must meet the ‘Standard Abatement’ requirements for an Urban or Rural location.
■ Business must be in the primary trade of recycling at least 50% of raw material or an intermediate product onsite; or converting the energy derived from recycled material (industrial, domestic, agricultural, or municipal waste) into electricity.
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In addition:
Indicate on the application the company’s plan to fulfill workforce needs.