Which of the following are true about living in Nevada?:
- No personal state income tax
- Substantially lower property taxes
- Lower sales tax
- No estate, inheritance or gift tax
- All the above
It’s true! The answer is “E” – all the above. Nevada offers one of the most tax and business friendly environments in the
nation. Plus, when you choose a new Silver Crest home from Tim Lewis Communities, you’ll get a lot more home for your
money. All things considered, Nevada offers you the opportunity to live in a nicer home for less and to keep much more of
your hard earned money.
And if you’re a business owner, or plan to be, it gets even better. Here are the Nevada Secretary of State’s top reasons to
incorporate in Nevada:
- No Corporate Income Tax
- No Taxes on Corporate Shares
- No Franchise Tax
- No Personal Income Tax
- Nominal Annual Fees
- Nevada corporations may purchase, hold, sell or transfer shares of its own stock.
- Nevada corporations may issue stock for capital, services, personal property, or real estate, including leases and options. The directors may determine the value of any of these transactions, and their decision is final.
- No Franchise Tax on Income
- No Inheritance or Gift Tax
- No Unitary Tax
- No Estate Tax
- Competitive Sales and Property Tax Rates
- Minimal Employer Payroll Tax – 0.7% of gross wages with deductions for employer paid health insurance
- Nevada’s Business Court – Developed on the Delaware model, the Business Court in Nevada minimizes the time, cost and risks of commercial litigation by:
- Early, comprehensive case management
- Active judicial participation in settlement
- Priority for hearing settings to avoid business disruption
- Predictability of legal decisions in commercial matters
Learn more about the advantages of living in Nevada by visiting Highland Estates in Sparks or Monte Vista in Southwest
Reno below Mt. Rose. Take the scenic drive up Interstate 80 to Reno today and let California’s high taxes fade away in your
rear view mirror.
