Corporate Welfare

Nevada Gives Few Corporate Handouts, Has Lower Taxes

With fewer demands for taxes, Nevada has less need, or ability, to pay off businesses

|

CARSON CITY – A new report from The Council of State Governments exploring the successes that 13 Western states have had with tax incentives to encourage economic growth found that Nevada has fewer such programs in large part because of its tax structure.

Nevada does not have a personal income tax, unitary tax, corporate income tax, inventory tax, estate and/or gift tax, franchise tax, inheritance tax or special intangible tax, notes the report "Trends in Western State Business Incentives" released today by the CSG.