An abatement of sales & use tax on eligible machinery and equipment is available to businesses with operations consistent to Nevada’s state plan for economic diversification and development. Qualifying criteria include a commitment to doing business in Nevada,

minimum job creation, employee health plans, and wage requirements.

The state of Nevada offers a sales & use tax deferment program to qualified industries that purchase specific types of capital equipment in excess of $100,000.

Taxes can be deferred interest-free for five years. Certain aircraft engaged in air transportation are exempted from taxes imposed on gross receipts from the sale of aircraft and major components of aircraft.

Partial abatement from business tax may be obtained by new and expanding businesses that meet the overall objectives of the state plan, Unlocking Nevada’s Future. Statutory requirements, which must be met to qualify,

include a minimum number of jobs created, a minimum capital investment, and wage and fringe benefit requirements.

An abatement of personal property tax is available to businesses with operations consistent to Nevada’s state plan for economic diversification and development. Qualifying criteria include a commitment to doing business in Nevada, minimum job creation, employee

health plans, minimum capital investment, and wage requirements.

Real and personal property tax abatement is available to qualified recycling businesses. At least 50% of the material or product must be recycled on site. Fifty percent of real and personal property tax can be abated for up to ten consecutive years. A five-year commitment on behalf of the company is required as well as acknowledgement from local government.

The following are exempt from property tax:

All personal property stored, assembled or processed for interstate transit;

All raw materials and supplies utilized in the manufacturing process;

Inventories held for sale within Nevada;

All real and personal property that qualifies and is used for the purpose of air and/or water pollution control.

Nevada offers a customized job training program to qualified businesses that meet established criteria. This program may be used prior to a plant opening and up to 90 days following.

Nevada is authorized to use tax-exempt IDB’s to provide low-interest financing of new construction, improvements, rehabilitation, or redevelopment of qualified projects, which include manufacturing facilities and certain other

projects organized under Section 501 of the Internal Revenue Service.

For those companies involved in the production of energy from renewable sources such as wind, solar, and others, there is a package of abatements available including sales/use tax and property tax.

The Procurement Outreach Program provides bid

information and direct technical assistance to businesses selling goods and services to the government.

NCED Research

Updated 8/01/02

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