Economic Development
TaxesNevada's tax climate is among the most attractive in the U.S.! There are a number of taxes common to many of the 50 states which are not imposed in Nevada. For example, the following taxes are NOT imposed in Nevada:
- Franchise
- Corporate (Taxes Measured by Net Income)
- Bank Excise Measured by Income
- Personal Income (1)
- Special Intangible
- Admissions
- Sales Tax on Food
- Bank Share Tax (2)
- Chain Store
- Inheritance
Note:
(1) In 1990, the voters of Nevada approved a constitutional amendment to prohibit the imposition of a personal income tax. (2) In 1986, voters of Nevada approved the repeal of the constitutional provision which provided for a bank share tax. Source: Nevada Taxpayers Association
Western States Comparison
| State | Corporate Income | Sales and Use* | Personal Income |
| NEVADA | None | 6.5% | None |
| Arizona | 6.968% | 5.6% | 2.59% to 4.54% |
| California | 8.84% | 7.25% | 1.0% to 9.3% |
| Colorado | 4.63% | 2.9% | 4.63% |
| Idaho | 7.6% | 6.0% | 1.6% to 7.8% |
| Oregon | 6.6% | None | 5.0% to 9.0% |
| Utah | 5.0% | 4.65% | 5.0% |
| Washington | None | 6.5% | None |
|
*Local rates may be additional. For example, in Clark County the total combined rate is 7.75% (effective 10/1/2005). Source: Federation of Tax Administrators | |||
Additional Information Sources
Nevada State Department of Taxation
tax.state.nv.us
Clark County Assessor (Property Tax information)
Assessor
Home Page