Nevada taxes

Nevada has no personal income tax and no corporate income tax. It charges businesses for existing instead. Every business needs a state business licence, $200 a year or $500 for a corporation, including a sole proprietor with no company. LLCs and corporations also file an annual list, from $150. A business with more than $4,000,000 of Nevada revenue also owes the commerce tax.

Personal income tax

Nevada does not tax the income of individuals, so there is no Nevada personal return to file. Its constitution forbids a tax on the wages or personal income of individuals.

Nevada does charge employers a Modified Business Tax on payroll, but that is the employer's tax. It never appears on a personal return.

Sole proprietor

A sole proprietor still needs a Nevada state business licence, $200 a year, even trading under their own name. It is due on the last day of the licence's anniversary month and is owed whatever the business earned. Renewing late adds $100. There is no annual list, because there is no company to list.

Two exemptions may remove the licence: a home business whose net earnings are no more than two thirds of Nevada's average annual wage, and a person whose only business is renting four or fewer homes. The wage figure changes every year, so check it rather than assume it.

Single-member LLC

An LLC pays the $200 state business licence and files an annual list of its managers or managing members for $150, every year, however few members it has. Both are due on the last day of the anniversary month. Filing the list late adds $75, and renewing the licence late adds $100.

There is no Nevada income tax on the profit. If the business has more than $4,000,000 of Nevada revenue in a year, it also owes the commerce tax on the amount above $4,000,000, at a rate between 0.051% and 0.331% set by its industry. Below that, no commerce tax and no commerce tax return.

Partnership

A partnership pays the $200 state business licence each year. A partnership set up as an LLC also files the $150 annual list. Both are due on the last day of the anniversary month.

There is no Nevada income tax on the profit, for the partnership or the partners. If the business has more than $4,000,000 of Nevada revenue in a year, it also owes the commerce tax on the amount above $4,000,000, at a rate between 0.051% and 0.331% set by its industry. Below that, no commerce tax and no commerce tax return.

S corporation

A corporation, S or C, pays $500 a year for its state business licence. It also files an annual list of officers and directors. The fee starts at $150 and rises with the total value of the shares its articles authorise, up to $11,125, so authorising a large block of shares at formation raises this bill every year.

There is no Nevada income tax on the profit, for the corporation or the shareholders. If the business has more than $4,000,000 of Nevada revenue in a year, it also owes the commerce tax on the amount above $4,000,000, at a rate between 0.051% and 0.331% set by its industry. Below that, no commerce tax and no commerce tax return.

C corporation

A C corporation pays the same $500 licence and the same annual list as an S corporation, both due on the last day of the anniversary month.

Nevada has no corporate income tax. If the business has more than $4,000,000 of Nevada revenue in a year, it also owes the commerce tax on the amount above $4,000,000, at a rate between 0.051% and 0.331% set by its industry. Below that, no commerce tax and no commerce tax return. Once a business picks its industry category on its first return, that category stays.

Corporate income tax

None

State business licence

$500 a year

Annual list

From $150, rising with authorised shares, up to $11,125

Commerce tax

0.051% to 0.331% of Nevada revenue above $4,000,000, by industry

Estimate your state tax

Pick your business type and enter this year's numbers to see the state business tax Nevada charges. It assumes all your sales are in Nevada.

An estimate for planning, not tax advice.

Sources

• Nevada Constitution, article 10, section 1(9)
• leg.state.nv.us NRS 76.100 and 76.130 (state business license fee, renewal and penalty)
• leg.state.nv.us NRS 78.150 (corporation annual list fee schedule)
• leg.state.nv.us NRS 86.263 and 86.272 (LLC annual list fee and penalty)
• tax.nv.gov Commerce Tax and Commerce Tax Return instructions
• tax.nv.gov Commerce Tax
• tax.nv.gov Instructions for Commerce Tax Return (V2023.2), lines 9 to 29 and the NAICS code categories/Tax rate chart on page 7

Last reviewed August 2026.