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 to get an instant 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
NDED · Nebraska
Refundable income tax credits and sales tax exemptions for Nebraska businesses making significant capital investments and creating quality jobs, with tiered benefits based on investment and job levels.
KCED · Kentucky
Provides tax incentives to new and expanding Kentucky businesses creating jobs and investing capital, including wage assessments, income tax credits, and sales tax savings on construction materials.
ACCD · Vermont
Cash incentive payments for Vermont businesses creating new qualifying jobs, calculated as a share of new payroll and capital investment over a 5-year period.