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The incentives of doing business in Nevada are expansive. Nevada boasts one of the most liberal tax structures in the nation an from a tax-planning perspective, the return on investment in the form of tax saving dollars can be enormous.
Nevada has No Personal State Income Tax, No Unitary Tax, No Corporate Income Tax, No Inventory Tax, No Estate and/or Gift Tax, No Franchise Tax, No Inheritance Tax, and No Special Intangible Tax.
Incentives
Tax Comparisons
Sales Tax Rate
In Churchill County, the sales tax rate is 7.600.
Property Tax Rate
In Churchill County, the 2008-09 average county wide tax rate is 3.0749.
Calculating Real Property Taxes
The formula for calculating real property tax is as follows:
Taxable Value x .35 = Assessed Value Assessed Value x Tax Rate = Total Real Property Tax
Calculating Personal Property Taxes
Using the Cost Conversion Factor tables in the Personal Property Manual, use the following formula to calculate the assessed value. The assessed value is the value on which taxes are calculated.
Actual Cost x Cost Index (for appropriate year) = Cost of Replacement Cost of Replacement x Percent Good = Taxable Value Taxable Value x .35 = Assessed Value Assessed Value x Tax Rate = Total Personal Property Tax
Nevada's Industrial Development and/or Mini-Bond Programs through Management Assistance Partnership (MAP) If you are a Nevada manufacturer and in need of low-cost (2 to 3% below typical commercial rates) financing for real estate, buildings or new equipment, MAP may be able to help you qualify for Nevada's Industrial Development and/or Mini-Bond Programs. Bond Programs www.itssimple.biz An easily understandable site including all the information an entrepreneur would need to start a business.
Nevada Business Support Network Connect to all of Nevada's free business assistance resources.
Churchill County Employment by Industry
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| Industry |
2003 |
2004 |
2005 |
2006 |
2nd Quarter 2007 | | Total All Industries | 7,948 | 8,166 | 8,599 | 8,589 | 8,887 | | Total Private Coverage | 6,109 | 6,305 | 6,718 | 6,731 | 6,989 | | Natural Resources & Mining | 233 | 248 | 265 | 287 | 286 | | Construction | 570 | 707 | 789 | 691 | 664 | | Manufacturing | 475 | 477 | 507 | 487 | 485 | | Trade, Transportation & Utilities | 1,600 | 1,610 | 1,713 | 1,884 | 1,963 | | Information | 146 | 132 | 128 | 122 | 139 | | Financial Activities | 267 | 288 | 302 | 335 | 325 | | Professional & Business Services | 1,082 | 1,062 | 1,016 | 879 | 937 | | Education & Health Services | 633 | 671 | 790 | 813 | 920 | | Leisure & Hospitality | 955 | 953 | 1,052 | 1,077 | 1,108 | | Other Services | 147 | 155 | 148 | 153 | 158 | | Government | 1,839 | 1,862 | 1,881 | 1,858 | 1,898 |
| | Source: Nevada Department of Employment, Training and Rehabilitation |
Churchill County High Wage Industries
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| Industry |
Annual Mean Wage |
Annual Entry Wage |
Annual Experience Level Wage | | Public Administration | $49,617 | $28,515 | $60,168 | | Professional & Business Services | $40,777 | $20,468 | $50,932 | | Education & Health Services | $38,575 | $20,979 | $47,373 | | Construction | $38,301 | $24,115 | $45,394 |
| | Source: Nevada Department of Employment, Training and Rehabilitation (DETR) |
Churchill County's Largest Employers
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| Employer |
City |
Industry |
Code |
Number of Employees | | Churchill County School District | Fallon | Elementary & Secondary Schools | 611110 | 700 - 799 | | Churchill Community Hospital | Fallon | General Medical & Surgical Hospitals | 622110 | 300 - 399 | | Wal-Mart Supercenter | Fallon | Warehouse Clubs and Supercenters | 452910 | 300 - 399 | | TIC - The Industrial Company | Fallon | Industrial Building Construction | 236210 | 200 - 299 | | Churchill County | Fallon | Executive & Legislative Offices Combined | 921140 | 200 - 299 | | Boeing Aerospace Operations | Fallon | Facilities Support Services | 561210 | 200 - 299 | | Department of Defense | Fallon | National Security | 928110 | 100 - 199 | | A & K Earthmovers | Fallon | Nonresidential Site Preparation Contractors | 238912 | 100 - 199 | | Chugach Support Services | Fallon | Facilities Support Services | 561210 | 100 - 199 | | CMC Steel Fabricators Inc | Fallon | Fabricated Structural Metal Manfucturing | 332312 | 100 - 199 | | Kennametal, Inc. (Nevada Division) | Fallon | Secondary Processing, Other Nonferrous | 331492 | 100 - 199 | | City of Fallon | Fallon | Executive & Legislative Offices Combined | 921140 | 100 - 199 | | Del-Jen, Inc | Fallon | Facilities Support Services | 561210 | 100 - 199 | | Stockman's Casino | Fallon | Casinos (except Casino Hotels) | 713210 | 100 - 199 | | Northrop Grumman Technical SE | Fallon | Other Support Activities, Air Transport | 488190 | 100 - 199 | | Sikorsky Support Services, Inc. | Fallon | Other Support Activities, Air Transport | 488190 | 100 - 199 | | Highland Manor of Fallon | Fallon | Nursing Care Facilities | 623110 | 100 - 199 | | Lear Siegler Services Inc. | Fallon | Other Support Activities, Air Transport | 488190 | 100 - 199 |
| | Source: Nevada Department of Employment, Training and Rehabilitation (DETR), 2nd Quarter 2007
Churchill County has no set fees, each commercial project is looked at on a case by case basis. For more information, please contact Churchill County Planning at 775.423.7627
Business License and Taxation Requirements
A business license is needed for each person, corporation, partnership, proprietorship, business association and any other similar organization that conducts an activity for profit, including an independent contractor or sole proprietor. A trade show or convention held in this state in which a business previously described takes part, or in which a person who conducts such a business attends, for a purpose related to the conduct of the business also needs a business license. Detailed information on the business license application process and taxation rates may be obtained at the Department of Taxation web page. You may obtain an application form from the Nevada Department of Taxation office nearest you, or you may click on Nevada Department of Taxation below to locate and download forms.
Nevada Department of Taxation 1550 E. College Pkwy. Carson City, NV 89706 Phone: 775.684.2000 Fax: 775.687.5981
Building Permits
Please visit the Churchill County Building Department for information on Churchill County building permits.
Building Permit Procedures
Churchill County Building Department 155 North Taylor, Ste. 170 Fallon, NV 89406 775.428.0264 Local Business License Offices
A local business license is required to operate a business in nearly all cities, most counties, and many other locations. This is in addition to the State Business License. Please contact the appropriate business license office to determine the specific licensing requirements. The Nevada Business Registration Form available from the Department of Taxation may be used to apply for a local business license as well.
Churchill County 155 N. Taylor Street Fallon, NV 89406 Phone: 775.423.5136 Fax: 775.423.0717 E-mail: countymanager@churchillcounty.org
Employer Identification Number
Every partnership or corporation must have an Employer Identification Number (EIN) to use as its taxpayer number. Sole proprietors must also have an EIN if they pay wages to one or more employees or if they are required to file any excise tax returns.
Internal Revenue Service Employer Identification Number 675 W. Moana Lane Reno, NV 89509 Phone: 800.829.1040
Business Personal Property Declaration Form
Nevada tax laws require all persons, firms, or businesses owning, renting, leasing, or controlling business personal property to file a Business Personal Property Declaration Form. Please contact your city or county government office for more information.
Workman's Compensation Insurance
Every business that employs anyone must by law, obtain workers compensation insurance coverage unless that entity is certified by the Commissioner of Insurance as a self-insured employer.
State of Nevada Department of Business and Industry Division of Insurance 788 Fairview Drive #300 Carson City, NV 89702 Phone: 775.687.4270 Fax: 775.687.3937
Nevada Unemployment Compensation Program
Any business that employs one or more workers is an "employing unit" and must register with the Nevada Unemployment Compensation Program. Registration is made by submitting a Nevada Business Registration Form to the employment security division as soon as workers are hired.
Employment Security Division 1325 Corporate Blvd. Reno, NV 89502 Phone: 775.688.2663 Fax: 775.688.2667
I-9 Forms for New Employees
Every employer is required, within 72 hours of hiring a new employee, to maintain a completed, signed, witnessed, and dated I-9 Form for each employee.
Immigration & Naturalization Service 1351 Corporate Blvd. Reno, NV 89502 Phone: 800.375.5283
W-4 Forms
Every employee hired is to complete a W-4 Form so that the employer can withhold the proper amount of income tax from each paycheck. Any change in the employee's tax status requires a new form.
Internal Revenue Service 300 Booth Street Reno, NV 89502 Phone: 800.829.1040
Nevada Labor Statutes
All employers must comply with Nevada's Labor Statutes and must post a sign explaining these laws at the place of business.
State Labor Commission 1445 Hot Springs Road, Ste. 109 Carson City, NV 89710 Phone: 775.687.4850 Fax: 775.687.6409
Incorporating
Businesses interested in incorporating, along with non-Nevada businesses seeking permission to do business in Nevada, should register with the Secretary of State's Office. The Secretary of State's office handles commercial recordings (incorporation), securities, notaries, and election information.
Secretary of State Capital Building 101 N. Carson St., Suite 3 Carson City, NV 89701 Phone: 775.687.5203 Fax: 775.687.3471 Document on demand directory: 1.800.583.9486
Zoning Offices
The applicable city or county zoning ordinances should be checked to ensure that the desired location is zoned for the proposed type of business before buying or leasing property. For home-based businesses, please verify if a Home Occupation Permit will be required. Contact your local government office(s), or you may find the applicable zoning office(s) in the limited list above under Local Business License Offices.
Using a Fictitious Name
A fictitious name/dba certificate is required for all businesses that plan to use a name different than their legal or corporate name. It is best to check with the County Clerk's office where your business is located to determine if the fictitious name desired is available.
*Source: Nevada Commission on Economic Development |
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