Businesses
Government-funded
Varies
Amount varies
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Nevada's Modified Business Tax (MBT) exemption allows qualifying businesses to exempt the first $50,000 of wages per quarter from the 1.475% payroll tax. Combined with Nevada's zero corporate income tax, it makes Nevada one of the lowest-tax states for business.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.All Nevada businesses with employees qualify
2.Exemption applies to first $50,000 of gross wages per quarter
3.No application required — claimed on quarterly MBT return
4.Enhanced exemption for businesses in rural Nevada
5.Nevada has no corporate income tax or personal income tax
Utah OEO · Utah
30% state income tax credit on new employee wages for businesses creating 5+ jobs in rural Utah Economic Opportunity Zones. Meaningful incentive to locate outside Salt Lake's urban corridor, with a 5-year credit period.
OEDIT · Colorado
3% state income tax credit for businesses investing in business personal property in Colorado's 16 Enterprise Zones, which cover the state's most economically distressed rural and urban areas. Stacks with other CO Enterprise Zone credits for wage, research, and job training.
GOED · Nevada
Sales tax abatements (up to 2%), property tax abatements, and Modified Business Tax credits for clean energy manufacturers locating or expanding in Nevada. Targets solar, wind, battery storage, and EV-related product manufacturers creating 10+ jobs.