Nevada Incentives

The State of Nevada, through the Governor’s Office of Economic Development (GOED), offers a variety of incentives to help qualifying companies make the decision to do business in the state, including sales tax abatements on capital equipment purchases, sales and use tax deferral on capital equipment purchases, abatements on personal and modified business taxes, real property tax abatements for recycling, assistance with the cost of intellectual property development, and employee training grants. The State offers abatements on aviation parts and data centers, as well.

Standard Abatements (More Information):

• 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%.
• Modified Business Tax Abatement - An abatement of 50 percent of the 1.378% rate on quarterly wages exceeding $50,000.
• Personal Property Tax Abatement - An abatement on personal property not to exceed 50% over a maximum of 10 years.
• Real Property Tax Abatement for Recycling - Up to 50% abatement for up to 10 years on real and personal property for qualified recycling businesses.

Data Center Abatement (More information):

A partial abatement from personal property tax and sales and use tax are available to data center companies that locate or expand their business in Nevada. Abatements apply to collocated businesses of the data center.

Aviation Parts Abatement (More Information):

Partial abatements from Personal Property and Sales & Use Taxes are available to aviation companies that locate or expand their business in Nevada.

Tax Abatement Application Process:

• Application Intake

A company works directly with the RDA (Regional Development Authority) to submit a Tax Abatement Application to GOED.

• Processing and Analyzing

GOED’s staff processes applications to determine eligibility and qualifications, as well as perform an economic analysis of the qualifying application.

• Board Meeting

Applications are presented to the GOED Board members who determine abatements.

• Abatement Agreement and Tax Abatement Package

When approved, companies will enter into a contract with GOED. After signing the contract, Department of Taxation will provide the company with a Taxation Abatement Package, so that companies can use received abatements.

Applications should be submitted to GOED’s office ONLY through the appropriate Regional Development Authority.

For GOED Board meeting dates and deadlines to submit application please check GOED Board Meeting Calendar - 2022.