The State of Nevada through the Governor’s Office of Economic Development 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.
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 percent.
Sales and use tax deferral
Defers sales and use tax on qualified capital equipment purchases.
Modified Business tax abatement
Abates up to 50 percent of the 1.17 percent rate on quarterly wages exceeding $62,500.
Personal property tax abatement
Abates personal property tax, not to exceed 50 percent over a maximum of 10 years.
Real property tax abatement for recycling
Abates up to 50 percent of real and personal property tax for qualified recycling businesses, for up to 10 years.
Intellectual property development
Abates sales and use tax, modified business tax, and personal property tax, for up to 10 years.