Main Content

Nevada Tax Advantage

Nevada Tax Advantage

According to this year’s Index, “the absence of a major tax is a common factor among many of the top ten states.” there are several states that do without one or more of the major taxes: the corporate income tax, the individual income tax, or the sales tax. Wyoming, Nevada, and South Dakota have no corporate or individual income tax,” making them desirable places to own property.

The 10 best states in this year’s Index are:

  1. Wyoming
  2. South Dakota
  3. Alaska
  4. Florida
  5. Nevada
  6. Montana
  7. New Hampshire
  8. Utah
  9. Indiana
  10. Oregon

The 10 lowest ranked, or worst, states in this year’s Index are:

  1. Rhode Island
  2. Louisiana
  3. Maryland
  4. Connecticut
  5. Ohio
  6. Minnesota
  7. Vermont
  8. California
  9. New York
  10. New Jersey

2018 State Business Tax Climate Index

Nevada Map
Note: A rank of 1 is best, 50 is worst. Rankings do not average to the total. States withouth a tax rank equally as 1. DC’s score and rank don not affect other states. The report shows tax systems as of July 1, 2017 (the beginning of Fiscal Year 2018)
Sourch: Tax Foundation
  • 10 Best Business Tax Climates
  • 10 Worst Business Tax Climates

Reasons to consider Nevada for a home or business:

  • No personal income tax
  • No corporate income tax
  • No gross receipts tax
  • No franchise tax
  • No inventory tax
  • No tax on issuance of corporate shares
  • No requirements of shareholders & directors to live in Nevada
  • No tax on sale or transfer of shares
  • No succession or inheritance with IRS
  • No sharing of information with IRS
  • Simple annual requirements
  • Protection for Directors and Officers
  • No initial or minimum capital requirements
  • Anonymity of owners-total Privacy
  • Low property taxes
  • Business friendly environment

Source: Walczak, J., Drenkard, S., & Bishop-Henchman, J. (2017, October 17). 2018 State Business Tax Climate Index. Retrieved January 16, 2018, from