active State Tax Credit

Nevada Standard Tax Abatement Program

Nevada Governor's Office of Economic Development (GOED)

Varies by payroll & investment

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The short version

Nevada tax abatements for job-creating businesses

Nevada offers a bundled package of tax abatements to businesses creating at least 5 new jobs paying at or above the statewide average wage. Benefits include: Sales and Use Tax reduced to 2% (new) or 4.6% (expanding) on capital equipment for up to 2 years, Modified Business Tax reduced by up to 50% for up to 4 years on payroll over $50,000/quarter, and Personal Property Tax reduced by up to 50% for up to 10 years. Must generate more than 51% of revenue from outside Nevada.

Funding type: Tax Credit
Level: State
Amount: Combination of sales/use tax reduction (to 2%), up to 50% MBT abatement for 4 years, and up to 50% personal property tax abatement for 10 years. Value depends on payroll size and capital investment.
Realistic amount: A company with $2M annual payroll over $50K/quarter could save $47,000+ over 4 years on MBT alone. Total package value f…
Deadline: Rolling — applications accepted year-round. Apply through your Regional Development Authority (RDA) before creating jobs.
Status: active
States: NV
Payment model: tax offset

Who qualifies

Must create at least 5 new full-time jobs in Nevada within one year of abatement approval
New positions must pay an average wage of at least 100% of the Nevada statewide average wage (full abatement) or 85–99% (partial abatement)
Must provide employees with a medical insurance plan covering at least 65% of premiums
Must maintain the Nevada business presence for at least 5 years
Must generate more than 51% of revenue from customers outside Nevada
Must meet 2 of 3 criteria: average wage threshold, capital investment, or job creation
Businesses with 50+ FTEs must provide 12 weeks of paid family and medical leave at 55% of regular wage

Hard requirements

Must be incorporated
Requires creating at least 5 new jobs
Location restriction: Nevada — business must be registered in and maintain Nevada presence for 5 years

What it covers

Eligible expenses

Sales and Use Tax: reduced on qualifying capital equipment purchases
Modified Business Tax: reduced on quarterly payroll exceeding $50,000
Personal Property Tax: reduced on business personal property (equipment, fixtures)

Ineligible expenses

Revenue generated primarily from Nevada customers (>51% must be from outside Nevada)
Retail businesses not meeting the out-of-state revenue test
Jobs paying below 85% of the Nevada statewide average wage

How to apply

1

Contact your Regional Development Authority (RDA)

Identify the Nevada RDA serving your county (e.g., LVGEA in Las Vegas, EDAWN in Reno, NNRDA in Elko). The RDA provides initial eligibility screening and hands-on support throughout the application process.

~2 hrs
2

Complete Tax Abatement Application with RDA

Work with the RDA to complete the GOED Tax Abatement Application. Provide job creation projections, wage documentation, capital investment plan, benefit offerings, and revenue source breakdown (must show >51% from outside Nevada).

~8 hrs
3

RDA submits to GOED; Board review

The RDA submits the application to GOED. Applications are reviewed by the GOED Board at their regular meetings. Approval grants multi-year abatement status.

~1 hrs
4

Create jobs and comply with reporting requirements

Create the approved jobs at the required wages, provide the medical insurance plan, and file annual compliance reports with GOED documenting continued eligibility.

~4 hrs

Insider tip

Nevada has no corporate income tax — the MBT is the main business tax. The 51% out-of-state revenue rule means this is designed for businesses selling regionally or nationally, not pure local service businesses.

Deadline & timing

Apply through the local RDA before creating the qualifying jobs. The RDA submits the Tax Abatement Application to GOED. Approval must be secured before the jobs are created to ensure abatement eligibility.

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Last reviewed 2026. GrantCompass is an independent funding-discovery tool and is not affiliated with any government agency. Always confirm details on the official program page.