Relocation Incentives
Lincoln County, Nevada is an optimal place to relocate or expand your business.
The county features no corporate income tax, personal income tax, as well as having affordable workers compensation rates. Additionally, it is strategically located close to important business hubs like Las Vegas and St. George, Utah.
Lincoln County’s incentive program is one-of-a-kind and one of the best reasons to do business here.
Business owners and their employees keep more of what they earn than those in other jurisdictions. The county has:
– No Corporate or Personal Income Taxes
– No Inventory Taxes
– Competitive Sales and Property Tax Rates
– Minimal Employer Payroll Tax
State Incentive Program
The State of Nevada through the Governor’s Office of Economic Development offers a variety of incentives to help qualifying companies make the decision to do business in the state, including sales tax abatements on capital equipment purchases, sales and use tax deferral on capital equipment purchases, abatements on personal and modified business taxes, real property tax abatements for recycling, assistance with the cost of intellectual property development, and employee training grants.
Catalyst Fund
The $10 million fund created by the 2011 Nevada Legislature aids with business relocation and expansion.
Sales and Use Tax Abatement
Sales and use tax abatement on qualified capital equipment purchases, with reductions in the rate to as low as 2%.
Sales and Use Tax Deferral
Deferral of sales and use tax on qualified capital equipment purchases.
Modified Business Tax Abatement
An abatement of 50 percent of the 1.17% rate on quarterly wages exceeding $62,500.
Personal Property Tax Abatement
An abatement on personal property not to exceed 50% over a maximum of 10 years.
Real Property Tax Abatement for Recycling
Up to 50% abatement for up to 10 years on real and personal property for qualified recycling businesses.
Intellectual Property Development
Abatements of sales and use tax, modified business tax, and personal property tax for up to 10 years.
Train Employees Now (Ten)
Matching grants of up to 25% for training programs for eligible employees.
Silver State Works Employee Hiring Incentive
Employers can receive as much as $2,000 for each state qualified employee.
Additional Benefits
Land Incentives
Sliding-Scale Lease Rate per Acre Based Upon Number of Jobs Created
Minimum Lease Rate $0.00 per Acre for 15-plus jobs created
Maximum Lease Rate $750.00 per Acre for 5 or less jobs created
Sliding-Scale Lease Rate per Acre Based Upon Investment /Additional Assessed Valuation
Minimum Lease Rate $0.00 per Acre for $1,000,000 Investment
$1,000,000 X .35/100 X $.91 = $3,500.94
Maximum Lease Rate $750.00 per Acre for $250,000 Investment
$250,000 X .35/100 X $.91 = $796.25
Property Tax Reimbursement to Cover Off-Site Development Costs
(Street, Sewer, Water, Drainage)
All or a Portion of Property Tax Refunded Annually to Reimburse 100% of Off-Site Development Costs
All of a Portion of Property Tax Refunded Annually to Reimburse 50% of Cost of Off-Site Development Costs
All of a Portion of Property Tax Refunded Annually to Reimburse 25% of Cost of Off-Site Development Costs