Relocation Guides Coldwell Banker Select - Incline Village | Page 6

Reno Business and Gaming When people think of Reno , they think of gambling . However , over the last couple of decades , Reno and Sparks have become much more than just gaming cities . With many prominent corporations residing in the area , INC Magazine rated Reno and the sixth best spot to do business for a mid-sized city .

Nevada Tax Structure Nevada ’ s tax structure continues to be one of the least burdensome in the country , allowing both business and employees to flourish .

Nevada has NO :

• Corporate Income Tax

• Inventory Tax

• Personal Income Tax

• Inheritance Tax

• Unitary Tax

• Estate and / or Gift Tax

• Franchise Tax

• Special Intangible Tax

Additional Advantages of Doing Business in Nevada :

• Stockholders , directors and officers need not live or hold meetings in Nevada

• Directors need not be stockholders

• Officers and directors of a Nevada Corporation can be protected from personal liability for lawful acts of the corporation

• Nevada corporation may purchase , hold , sell or transfer shares of its own stock

US Best States for Doing Business : State of Nevada ranked # 9 Chief Executives ’ annual survey asked over 600 CEOS to grade each state on the following criteria :

• Taxation & Regulation

• Workforce Quality

• Living Environment

Regions largest non-gaming employers : 1 . Washoe County School District 2 . University of Nevada , Reno 3 . Washoe County 4 . Renown Medical 5 . International Game Technology

Reno-Sparks Largest Industry Sectors : 1 . Wholesale Trade , Transportation & Utilities 2 . Leisure & Hospitality 3 . Accommodation and Food Service 4 . Government 5 . Professional & Business Services 6 . Educational and Health Services 7 . Retail Trade 8 . Goods Producing 9 . Local Government 10 . Casino Hotels

Sales Tax Rate Carson City 7.60 Churchill County 7.60 Clark County 8.15 Douglas County 7.10 Lyon County 7.10 Storey County 7.60 Washoe County 8.265