How does Nevada’s tax code compare? Nevada does not have an individual income tax. Nevada does not have a corporate income tax but does levy a state gross receipts tax. Nevada has a 6.85 percent state sales tax rate and an average combined state and local sales tax rate of 8.24 percent. Nevada has a 0.44 percent effective property tax rate on owner-occupied housing value.
Nevada does not have an estate tax or inheritance tax. Nevada has a 23.81 cents per gallon gas tax rate and a $1.80 cigarette excise tax rate. The State of Nevada collects $5,080 in state and local tax collections per capita. Nevada has $8,925 in state and local debt per capita and has an 82 percent funded ratio of public pension plans. Overall, Nevada’s tax system ranks 7th on our 2024 State Business Tax Climate Index.
Each state’s tax code is a multifaceted system with many moving parts, and Nevada is no exception. The first step towards understanding Nevada’s tax code is knowing the basics. How does Nevada collect tax revenue? Click the tabs below to learn more! You can also explore our state tax maps, which are compiled from our annual publication, Facts & Figures 2024: How Does Your State Compare?
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Nevada is not alone in its need to find revenue, but it should take care not to embrace bad tax policy in the process. Significant rate increases, a shift in the tax base, and provisions which make it easier to hike taxes than to cut them would heavily burden the mining industry in the state.
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While it’s unclear how soon state economies may be able to fully open again, it’s not too early for states to consider how they can remove barriers to businesses & consumers resuming activity.
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Another 1.4 million Americans filed initial regular unemployment benefit claims, the eleventh week of a decline in the rate of new claims, but still among the highest levels in U.S. history. The total number of new and continued claims now stands at 19.3 million, a marked decline from the peak of 24.9 million a month ago.
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Our updated 2020 edition of Facts & Figures serves as a one-stop state tax data resource that compares all 50 states on over 40 measures of tax rates, collections, burdens, and more.
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From remote sales tax collection to taxes on marijuana and vaping products, we recap the top state tax trends from 2019 and break down which ones you should watch for in 2020.
38 min read
The Nevada constitution protects taxpayers by making it more difficult for legislators to raise public revenue. The Nevada courts should uphold this protection not just in theory but also in practice.
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Our updated 2019 edition of Facts & Figures serves as a one-stop state tax data resource that compares all 50 states on over 40 measures of tax rates, collections, burdens, and more.
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Ballot initiatives are often an afterthought on Election Day, but in many states, voters went to the polls to weigh in on significant tax policy questions. Here are the most recent results we’ve compiled for tax-related ballot measures.
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Explore our list of the top state tax ballot measures to watch for throughout the country.
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