tax abatements

Gov. Steve Sisolak told Nevadans experiencing some of their darkest hours of economic and public health devastation that he has a plan to create more than 165,000 jobs over the next decade, launch new initiatives to retrain displaced workers and build out an economy based on clean energy, blockchain and other futuristic technologies.

The Nevada Governor’s Office of Economic Development Board of Directors on Wednesday approved abatements for 11 companies that it says will generate $90,207,019 in tax revenue and create 1,991 jobs over the next 10 years. Of the 11 companies, two are based in Lyon County and six in Washoe County.

Laws implementing a wide range of criminal justice reforms, establishing a state board responsible for regulating marijuana and creating a payday loan database finally take effect Wednesday, more than a year after the 2019 legislative session ended.

A tenant getting tased and forcefully removed. Landlords changing card readers and locking people out of their apartments. A coronavirus patient sitting in her room, terrified of being thrown out because property managers will not let her come into the office to pay.

Question 4 is on the ballot this year for Nevadans to choose whether or not to include certain medical equipment to the sales tax exemption list, similar to Question 2.

CARSON CITY — Tesla qualified for a total of $36.85 million in transferable tax credits and $115 million in tax abatements during Fiscal Year 2017. According to the annual report produced by the Governor's Office of Economic Development, all of those credits were purchased by Nevada resorts and ...

Apple easily won approval from the Reno City Council on Wednesday for a new agreement allowing it to take advantage of millions of dollars in sales tax abatements as it works to double the size of its massive data center east of Reno.

This is the eighth column in a series presenting findings and conclusions of Nevada’s 2016 Popular Annual Financial Report (PAFR), posted at controller.nv.gov. Here, we address critical problems facing economic growth in Nevada.

A 46-acre industrial site on Arrowhead Drive near the Carson City Airport has been approved as the first property to be designated a Nevada Certified Site, the Northern Nevada Development Authority announced Wednesday.

Nevada is poised to “take off” as a major player in the aviation industry and could reap near immediate economic benefits by enacting aviation tax abatements, a transportation economist told state legislators Thursday....

Nevada’s economic development officials and a top economist told legislators Tuesday that providing tax abatements to massive “colocated” data centers will have staggering effects on the state’s economy, generating billions of dollars in economic activity....

The Nevada Legislature will be considering an unprecedented $1.3 billion tax incentive package for Tesla Motors this week. To focus attention on issues legislators should take into account while reviewing this proposal, the Guinn Center for Policy Priorities has released Development Incentives: A Guide for Nevada Legislators.

The uploaded PDF file is a simplified analysis of the Tesla deal driven by Hennessey's previous opinion posting.

CARSON CITY – A new report from The Council of State Governments exploring the successes that 13 Western states have had with tax incentives to encourage economic growth found that Nevada has fewer such programs in large part because of its tax structure.

CARSON CITY – There were no takers today for the chance to weigh in on $89 million in tax breaks being offered to Apple in exchange for the company building a data center and related facilities in the Reno area that are expected to bring $1 billion in investment over the next decade.

The hearing on the proposed sales and personal property tax abatements, made as part of a deal to bring Apple to Northern Nevada, did not generate a single comment.

The Reno Gazette-Journal is reporting that Apple is planning on opening a data center east of Sparks and a business and purchasing center in downtown Reno, part of a $1 billion investment the company plans to spend in Northern Nevada over the next 10 years.
The deal includes tax abatements from the city and state, including sales and property tax. The Reno City Council will consider the deal on Wednesday.

LAS VEGAS — Gov. Brian Sandoval today told conservative business group Keystone Corporation that his decision to support a two-year extension of taxes that were scheduled to expire eliminates the need for any new taxes to balance the state budget.

CARSON CITY – A new study by the Pew Center on the States identifies Nevada as one of 16 states that did not publish a document between 2007 and 2011 that evaluated the effective of tax incentives.

Nevada is the fastest growing state in export value as a share of its total economy, according to a new report by the U.S. Chamber of Commerce.
The value of the state’s manufactured exports has more than tripled since 2002. Its primary exports are mineral deposits, coin-operated games and electronics.
Other states rated highly for exporting are Louisiana, Utah, South Carolina, Mississippi, Delaware, and Texas.
High performing states were evaluated based upon:

There was a time when the only choice for golfers who couldn't afford to join a country club was to play a municipal course.

That time ended many years ago with the construction of many privately owned golf courses in and around Carson City. For a while, it seemed a new course was being built every year. We were suddenly flush with great courses, and something new to market our area to visitors.

I received a call from the Builders Association of Western Nevada this afternoon about a big property tax increase the Carson City Board of Supervisors is going to vote on tomorrow.

The funny thing is, I read through the agenda last week and didn't see it. But it was easy to miss. It is number 15 on the agenda, and the language used gives very little clue as to what it is (the document is attached below).

By Nevada News Bureau staff
CARSON CITY – The head of Nevada’s Retail Association says a tax increase will likely be needed to balance the state budget next year, and expanding the sales tax to include at least some services is one place to look.