Nevada Incentives

Current Nevada Commission on Economic Development Incentives
Download the Nevada Incentive Program (PDF)

State Incentive Programs:

Incentives:	State of Nevada – NCED:
Sales Tax Abatement:	An abatement of sales & use tax on eligible machinery and equipment listed on application only Under abatement rate would be 2%
Sales Tax Deferral:	Sales tax that can’t be abated – can be deferred Setting up a payment plan for taxes – equal monthly payments over 60 months (5 year payment plan)
Modified Business Tax (Payroll Tax) Abatement:	Abatement is 50% for 4 Years on new jobs
Personal Property Tax Abatement:	Eligible for up to 50% abatement of personal property tax over 10 years Abatement applied to equipment listed on the application
Property Tax Abatement for Recycling:	Real and personal property tax abatement is available to qualified recycling businesses (50% for 10 years) At least 50 percent of the material or product must be recycled on site.

Qualification Criteria:

• Primary company (jobs)
• A majority of the Nevada operation’s revenue is generated outside the state
• Must agree to do business in Nevada for at least five years at or above the initial level
• Must comply with all state and local business licensing requirements
• Provide health insurance to the employee (and cover 25% of the cost) with an option for the dependents
• Application must be brought to NCED from a recognized development authority

Sales and Use Tax Abatement:
All but 2% of the applicable sales & use tax can be abated (NRS mandate)

• 2% goes to the state general fund

The abatement is eligible for the capital equipment listed in the application
only

Example: New company located in Sparks is approved for abatement on $1,000,000 of new equipment

	Tax Rate	Equipment	Tax
Total applicable Tax	7.725%	1,000,000	$77,250
Total applicable Tax	7.725%	1,000,000	$77,250
Not eligible for abatement	2%	1,000,000	$20,000 paid
Abatement	5.725%	1,000,000	$57,250 abated

Current Nevada Commission on Economic Development Incentives
Download the Nevada Incentive Program (PDF)