- No personal income tax
- Most retirement pensions are exempt in Nevada from income tax
- No corporate income tax
- No inheritance, estate or gift tax
- No franchise tax
- No unitary tax
- No special intangible tax
- No chain store tax
- No admissions tax
- No inventory tax
Nevada Tax Advantages
A research team from California Business collected information on all 50 states. Twenty different measures of state social, economic and business health were chosen as being of primary importance. Nevada was chosen largely because of its pro-business attitude. The study ranks Nevada high in the following areas:
- Overall business climate
- Lowest corporate profits tax
- Best overall economy
- Population growth
- Employment growth
- Lowest combined major state and local tax
- Number of new companies per 10,000 workers
- Gross state product (GSP) growth
- Number of environmental policy initiatives in place
In Nevada, there are fewer taxes and lower tax burden than in most other states. Money magazine ranked Nevada as one of the states with the lowest tax bill and California Business magazine rated Nevada as best overall for business based on a review of several factors including a low tax burden.