NEVADA'S SELECTED BUSINESS ASSISTANCE PROGRAMS

NEVADA TAX STRUCTURE:

Nevada has NO:

• Corporate Income Tax
• Unitary Tax
• Inventory Tax
• Estate and/or Gift Tax
• Personal Income Tax
• Franchise Tax on Income
• Inheritance Tax
• Special Intangible Tax
• Competive Sales and property Tax Rates
• Minimal Business Tax - $25 per FTE per Quarter

SALES AND USE TAX ABATEMENT:

An abatement of sales and use tax on eligible machinery and equipment is available to businesses with openrations cosistent to Nevada's state plan for economic diversification and development. Qualifying criteria include a commitmen to doing bussiness in Nevada, minimum job creation, employee health plans, and wage requirements.

SALES TAX DEFERRAL:

The state of Nevada offers a sales and use tax deferment program to qualified industries that purchase specific types of capital equipment in excess of $100.000. Taxes can be deferred interest-free for five years.

SALES TAX EXEMPTIONS:

Certain aircraft engaged in air transportation are exempted from taxes imposed on gross receipts from the sale of aircraft and major components of aircraft.

BUSINESS TAX ABATEMENT:

Partial abatement from business tax may be obtain by new and expanding business that meet the overall objectives of the state plan, Unlocking Nevada's Future. Satutory requirements, which must be met to quilify, include a minimum number of jobs created, a minimum capital invistment, and wage and fringe benefit requirement.

PERSONAL PROPERTY TAX ABATEMENT:

An abatement of personal property tax is available to busnesses with operations consistent to Nevada's state plan for economic diversification and development. Qualifying creteria include a commitment to doing business in Nevada, minimum job creation, employment health plans minimum capital investment, and wage requirements.

PROPERTY TAX ABATEMENT:

Real and personal property tax abatement is available to qualified recycling businesses. At list 50% of the material of product must be recycle on site. Seventy five percent of real and personal property tax can be abated; Personal property for up to ten consecutive years, and real property for up to twenty consecutive years. A thirty year commitment on behalf of the company required.

PROPERTY TAX EXEMPTIONS:

The following are exempt from property tax.

• All personal property stored, assembled or processed for interstate transit
• All raw materials and supplies utilizedin the manufacturing process
• Inventories held for sale within Nevada
• All real and personal property that qulifies and its used for the purpose of air and/or water pullution control

JOB TRAINING:

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.

INDUSTRIAL DEVELOPMENT BONDS:

Nevada is authorized to use tax-exempt IDB's to provide low-interst 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.

RENEWABLE ENERGY ABATEMENTS:

For those companies involved in the production of energy from renewable sources such as wind, solar, and others, there is a package od avatements available including sales/use tax and property tax.

TECHNICAL AND SUPPORT SERVICES:

The Procurement Outreach Program provides bid nformation and direct technical assistance to businesses selling goods and services to the goverment.

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