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.
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.
Partial abatements from Personal Property and Sales & Use Taxes are available to aviation companies that locate or expand their business in Nevada.
• 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.
For GOED Board meeting dates and deadlines to submit application please check GOED Board Meeting Calendar - 2022.