1.800.824.8856

Taxes & Incentives

The incentives of doing business in Nevada are expansive. Nevada boasts one of the most liberal tax structures in the nation and from a tax-planning perspective, the return on investment in the form of tax saving dollars can be enormous.

Nevada has No Personal State Income Tax, No Unitary Tax, No Corporate Income Tax, No Inventory Tax, No Estate and/or Gift Tax, No Franchise Tax, No Inheritance Tax, and No Special Intangible Tax.

Incentives

Minimum State Requirements for Rural Areas 31KB
Minimum State Requirements for Expansions 31KB
Minimum State Requirements for Rural Recycling & Renewable Energy 29KB
Minimum State Requirements for Expansion of Recycling & Renewable Energy 23KB

Sales Tax Rate

In Elko County, the sales tax rate is 6.50.

Property Tax Rate

In Elko County, the 2007-08 average county wide tax rate is 3.0003.

Calculating Real Property Taxes

The formula for calculating real property tax is as follows:

Taxable Value x .35 = Assessed Value
Assessed Value x Tax Rate = Total Real Property Tax

For more information, please see How Property Taxes are Calculated 83KB.

Calculating Personal Property Taxes

Using the Cost Conversion Factor tables in the Personal Property Manual 193KB, use the following formula to calculate the assessed value. The assessed value is the value on which taxes are calculated.

Actual Cost x Cost Index (for appropriate year) = Cost of Replacement
Cost of Replacement x Percent Good = Taxable Value
Taxable Value x .35 = Assessed Value
Assessed Value x Tax Rate = Total Personal Property Tax

Business Resources

Nevada's Industrial Development and/or Mini-Bond Programs through Management Assistance Partnership (MAP)
If you are a Nevada manufacturer and in need of low-cost (2 to 3% below typical commercial rates) financing for real estate, buildings or new equipment, MAP may be able to help you qualify for Nevada's Industrial Development and/or Mini-Bond Programs.
Bond Programs 49KB

www.itssimple.biz
An easily understandable site including all the information an entrepreneur would need to start a business.

Elko County Employment by Industry

Industry	2003	2004	2005	2006	4th Quarter 2007
Total All Industries	18,237	18,942	20,200	20,686	21,265
Total Private Coverage	14,532	15,258	16,530	16,946	17,507
Natural Resources & Mining	1,421	1,543	1,941	2,440	2,369
Construction	893	1,198	1,525	1,242	1,348
Manufacturing	160	151	178	210	220
Trade, Transportation & Utilities	2,971	3,046	3,547	3,683	3,805
Information	188	201	178	191	213
Financial Activities	530	549	587	547	542
Professional & Business Services	870	911	897	889	854
Education & Health Services	975	974	1,099	1,118	1,260
Leisure & Hospitality	6,151	6,292	6,139	6,078	6,295
Other Services	371	388	456	542	589
Government	3,705	3,685	3,670	3,740	3,758

Source: Nevada Department of Employment, Training and Rehabilitation

Elko County High Wage Industries

Industry	Annual Mean Wage	Annual Entry Wage	Annual Experience Level Wage
Natural Resources & Mining	$46,330	$29,729	$54,631
Education & Health Services	$40,663	$21,297	$50,346
Public Administration	$40,438	$23,295	$49,009
Construction	$37,903	$23,851	$44,929
Information	$33,341	$13,883	$43,070

Source: Nevada Department of Employment, Training and Rehabilitation (DETR)

Elko County's Largest Employers

Employer	City	Industry	Code	Number of Employees
Elko County School District	Elko	Elementary & Secondary Schools	611110	1,000 - 1,499
Cactus Petes, Inc.	Jackpot	Casino Hotels	721120	700 - 799
Rainbow Casino & Hotel	Wendover	Casino Hotels	721120	700 - 799
Peppermill Hotel Casino	Wendover	Casino Hotels	721120	600 - 699
Montego Bay Casino Resort	West Wendover	Casino Hotels	721120	500 - 599
Wendover Nugget	Wendover	Casino Hotels	721120	400 - 499
Elko Red Lion Casino	Elko	Casino Hotels	721120	300 - 399
Queenstake Resources USA, Inc.	Elko	Gold Ore Mining	212221	300 - 399
Elko County	Elko	Executive & Legislative Offices Combined	921140	300 - 399
Great Basin College	Elko	Junior Colleges	611210	300 - 399
Wal-Mart Supercenter	Elko	Warehouse Clubs and Supercenters	452910	300 - 399

Source: Nevada Department of Employment, Training and Rehabilitation (DETR), 2nd Quarter 2007

Impact Fees

Elko County does not have set impact fees, each commercial project is evaluated on a case-by-case basis. For more information, please contact Elko County Economic Development Authority (ECEDA) at 775.738.2100.

Business Start Up Information*

Business License and Taxation Requirements

A business license is needed for each person, corporation, partnership, proprietorship, business association and any other similar organization that conducts an activity for profit, including an independent contractor or sole proprietor. A trade show or convention held in this state in which a business previously described takes part, or in which a person who conducts such a business attends, for a purpose related to the conduct of the business also needs a business license. Detailed information on the business license application process and taxation rates may be obtained at the Department of Taxation web page. You may obtain an application form from the Nevada Department of Taxation office nearest you, or you may click on Nevada Department of Taxation below to locate and download forms.

Nevada Department of Taxation
850 Elm Street #2
Elko, NV 89803
Phone: 775.738.8461
Fax: 775.778.6814

Local Business License Offices

A local business license is required to operate a business in nearly all cities, most counties, and many other locations. This is in addition to the State Business License. Please contact the appropriate business license office to determine the specific licensing requirements. The Nevada Business Registration Form available from the Department of Taxation may be used to apply for a local business license as well.

City of Carlin
101 S. 8th Street
Carlin, NV 89822
Phone: 775.754.6354
Fax: 775.754.6912

City of Elko
City Hall, Elko City
1751 College Avenue
Elko, NV 89801
Phone: 775.777.7138
Email: buslic@ci.elko.nv.us

City of West Wendover
801 Alpine Street
West Wendover, Nevada 89883
Phone: 775.664.3081
Email: dsmith@westwendovercity.com

Employer Identification Number

Every partnership or corporation must have an Employer Identification Number (EIN) to use as its taxpayer number. Sole proprietors must also have an EIN if they pay wages to one or more employees or if they are required to file any excise tax returns.

Internal Revenue Service Employer Identification Number
675 W. Moana Lane
Reno, NV 89509
Phone: 800.829.1040

Business Personal Property Declaration Form

Nevada tax laws require all persons, firms, or businesses owning, renting, leasing, or controlling business personal property to file a Business Personal Property Declaration Form. Please contact your city or county government office for more information.

Workman's Compensation Insurance

Every business that employs anyone must by law, obtain workers compensation insurance coverage unless that entity is certified by the Commissioner of Insurance as a self-insured employer.

State of Nevada Department of Business and Industry Division of Insurance
788 Fairview Drive #300
Carson City, NV 89702
Phone: 775.687.4270
Fax: 775.687.3937

Nevada Unemployment Compensation Program

Any business that employs one or more workers is an "employing unit" and must register with the Nevada Unemployment Compensation Program. Registration is made by submitting a Nevada Business Registration Form to the employment security division as soon as workers are hired.

Employment Security Division
1325 Corporate Blvd.
Reno, NV 89502
Phone: 775.688.2663
Fax: 775.688.2667

I-9 Forms for New Employees

Every employer is required, within 72 hours of hiring a new employee, to maintain a completed, signed, witnessed, and dated I-9 Form for each employee.

Immigration & Naturalization Service
1351 Corporate Blvd.
Reno, NV 89502
Phone: 800.375.5283

W-4 Forms

Every employee hired is to complete a W-4 Form so that the employer can withhold the proper amount of income tax from each paycheck. Any change in the employee's tax status requires a new form.

Internal Revenue Service
300 Booth Street
Reno, NV 89502
Phone: 800.829.1040

Nevada Labor Statutes

All employers must comply with Nevada's Labor Statutes and must post a sign explaining these laws at the place of business.

State Labor Commission
1445 Hot Springs Road, Ste. 109
Carson City, NV 89710
Phone: 775.687.4850
Fax: 775.687.6409

Incorporating

Businesses interested in incorporating, along with non-Nevada businesses seeking permission to do business in Nevada, should register with the Secretary of State's Office. The Secretary of State's office handles commercial recordings (incorporation), securities, notaries, and election information.

Secretary of State
Capital Building
101 N. Carson St., Suite 3
Carson City, NV 89701
Phone: 775.687.5203
Fax: 775.687.3471
Document on demand directory: 1.800.583.9486

Zoning Offices

The applicable city or county zoning ordinances should be checked to ensure that the desired location is zoned for the proposed type of business before buying or leasing property. For home-based businesses, please verify if a Home Occupation Permit will be required. Contact your local government office(s), or you may find the applicable zoning office(s) in the limited list above under Local Business License Offices.

Using a Fictitious Name

A fictitious name/dba certificate is required for all businesses that plan to use a name different than their legal or corporate name. It is best to check with the County Clerk's office where your business is located to determine if the fictitious name desired is available.

*Source: Nevada Commission on Economic Development

Information on this website, while from reliable sources, is to be used only as a guide.
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