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STATE & LOCAL INCENTIVES
According to the Nevada Commission on Economic Development, Nevada’s tax structure continues to be one of the least burdensome in the country, allowing both business and employees to flourish. Nevada has none of the following taxes: corporate income tax, personal income tax, franchise tax, inventory tax, unitary tax, estate and/or gift tax, inheritance tax, or special intangible tax. 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 Industrial Development Bonds 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. The Procurement Outreach Program provides bid information and direct technical assistance to businesses selling goods and services to the government. Incorporation in Nevada is a simple, fast and less costly process, which is handled through the Office of the Secretary of State. There is no minimum initial capital required, and annual filing fees are nominal. In addition, there are limited reporting and disclosure requirements. Visit: http://sos.state.nv.us for more information on incorporating in Nevada.
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© 2001 - 2008 ECEDA - Elko County Economic Diversification Authority |
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