Southern
Nevada Business Overview
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.
Incentive Matrix
Urban Incentive
Programs  
83KB - Business Location Assistance for urban counties/cities
with populations over 100,000/60,000 |
| Expansion
Incentive Programs
83KB - Expansion assistance |
| Rural Incentive
Programs
81KB - Business location assistance for
rural counties/cities with populations under 100,000/60,000 |
| Rural Recycling,
Renewables, and Energy Efficient Buildings Incentive Programs
80KB |
| Property Tax Abatements
for Renewable Energy Criteria
175KB |
| Real Property Tax for Recycling
Criteria
173KB |
Property Tax Rate
| County | 2007-08 Tax Rate |
|---|---|
| Clark County | 3.1141 |
| Esmeralda County | 3.0195 |
| Lincoln County | 3.0726 |
| Nye County | 3.1322 |
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.
Southern
Nevada High Wage Industries
| Industry | Annual Mean Wage | Annual Entry Wage | Annual Experience Level Wage |
|---|---|---|---|
| Professional & Business Services | $61,639.70 | $33,997.35 | $75,460.36 |
| Public Administration | $50,980.72 | $26,801.95 | $63,070.62 |
| Information | $46,148.44 | $21,424.02 | $58,510.64 |
| Construction | $43,098.93 | $24,323.60 | $52,486.09 |
| Education & Health Services | $40,957.14 | $21,261.86 | $50,805.30 |
Source: Nevada Department of Employment, Training and Rehabilitation (DETR)
Southern
Nevada's Largest Employers
| Employer | City | Industry | Code | Number of Employees |
|---|---|---|---|---|
| Clark County School District | Las Vegas | Elementary & Secondary Schools | 611110 | > 10,000 |
| Bellagio, LLC | Las Vegas | Casino Hotels | 721120 | 9,500 - 9,999 |
| Clark County | Las Vegas | Executive & Legislative Offices Combined | 921140 | 9,000 - 9,499 |
| MGM Grand Hotel/Casino | Las Vegas | Casino Hotels | 721120 | 8,000 - 8,499 |
| Mandalay Bay Resort & Casino | Las Vegas | Casino Hotels | 721120 | 8,000 - 8,499 |
| The Mirage Casino-Hotel | Las Vegas | Casino Hotels | 721120 | 5,500 - 5,999 |
| Caesars Palace | Las Vegas | Casino Hotels | 721120 | 4,500 - 4,999 |
| Las Vegas Metropolitan Police | Las Vegas | Police Protection | 922120 | 4,500 - 4,999 |
| Luxor | Las Vegas | Casino Hotels | 721120 | 3,500 - 3,999 |
| University Medical Center of Southern Nevada | Las Vegas | General Medical & Surgical Hospitals | 622110 | 3,500 - 3,999 |
| Excalibur Hotel & Casino | Las Vegas | Casino Hotels | 721120 | 3,500 - 3,999 |
| Flamingo Hilton Corporation | Las Vegas | Casino Hotels | 721120 | 3,500 - 3,999 |
| Ballys & Paris Casino Hotels | Las Vegas | Casino Hotels | 721120 | 3,500 - 3,999 |
Source: Nevada Department of Employment, Training and Rehabilitation (DETR)
Impact Fees
For information on Clark County impact fees, please contact the Clark County Plan Submittal Department at 702.455.3600.
Esmeralda, Lincoln, and Nye counties do not currently have commercial impact fees.
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
555 E. Washington Ave., Suite 1300
Las Vegas, NV 89101
Phone: 702.486.2300
Fax: 702.486.2373
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.
Clark County
500 S. Grand Central Pkwy.
Las Vegas, NV 89101
Phone: 702.455.4252
Fax: 702.386.2168
Toll Free: 1.800.328.4813
City of Las Vegas
400 Stewart Avenue, Rm. 107
Las Vegas, NV 89101
Phone: 702.229.6281
Fax: 702.382.6642
City of Henderson
240 Water Street #108
Henderson, NV 89015
Phone: 702.565.2045
Fax: 702.568.5603
City of North Las Vegas
2266 Civic Center Drive
N. Las Vegas, NV 89030
Phone: 702.633.1520
Fax: 702.649.6091
City of Boulder
401 California Street
Boulder City, NV 89006
Phone: 702.2939219
Fax: 702.293.9392
City of Mesquite
10 E. Mesquite Blvd.
Mesquite, NV 89024
Phone: 702.346.5295
Fax: 702.346.5382
Nye County
1520 E. Basin Ave.
Pahrump, NV 89060
Phone: 775.751.7040
Fax: 775.751.7047
Email: Sam.Merlino@co.nye.nv.us
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