Economic Incentives & Tax Credits
High impact incentives for small businesses in Nevada
Nevada is less than one day’s drive to more than 40 million consumers and five major U.S. ports serving the Pacific Rim. From diverse agriculture to abundant solar, wind and geothermal energy to a growing water tech community, Nevada is rich in natural resources. Nevada has always been a popular state for businesses. One of the main reasons for that are low-cost startup, regulatory, licensing and annual fees, taxes and tax structure, privacy of business owners and competitive utility rates for commercial operations. For businesses in key industries willing to make multi-year commitments to jobs and capital investments, Nevada offers several attractive packages of incentives and programs to assist businesses through the Governor’s Office of Economic Development.
Top tax incentive programs for small and medium-sized businesses in Nevada
Aviation Center Sales and Use Tax Abatement
The program grants a sales and use tax abatement for up to 10 years on qualified capital equipment purchases, with reductions in the rate to as low as 2%.
Data Center Personal Property Tax Abatement
The program provides tax incentives for the setting or expansion of data centers that hire Nevada residents.
Industrial Development Revenue Bonds (IDRBs)
Tax-exempt municipal bond/public debt instrument structured to assist a borrower achieve the lowest cost of capital.
Modified Business Tax Abatement
Nevada’s Modified Business Tax (MBT) is imposed on employers at a rate equal to 1.378% of taxable wages above $50,000 in a quarter.
Nevada Film Office Transferable Tax Credit
The Nevada Film Office grants tax incentives to eligible film and movie projects.
New Market Tax Credit
Helps businesses and nonprofit organizations to gain access to “gap funding” to support businesses located in economically distressed communities.
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Subcity empowers small businesses, CPAs, and finance professionals to identify and apply for economic incentives and tax credits. Each year, over $100 billion is allocated for incentives across local, state, and federal programs in the U.S. Unfortunately, a significant portion of this money goes unclaimed or to large corporations with teams of tax attorneys and legal experts.
Subcity utilizes a comprehensive database of incentives to connect small businesses with the programs that were designed to help them create jobs, invest in their communities, and grow their business. Subcity charges a 10-20% fee for the programs they successfully secure, ensuring zero risk for clients as payment is contingent on results. Subcity is on a mission to democratize access to capital for America’s small businesses and has already delivered tens of millions of dollars in tax incentives for clients across the country.