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Due to the additional tax burden of the increased Modified Business Tax on Nevada's small businesses during a downward business cycle, this tax was readjusted to a lesser rate by the 2011 Nevada legislative session during the leadership of Governor Brian Sandoval who later broke his promises on not raising fees and taxes in 2015.
Nevada's tax structure is also a large benefit to incorporation in Nevada. Nevada has no franchise tax. It also has no corporate tax or personal income tax. [1] There is an annual $200 "Business License Fee" which is paid to the Secretary of State's office at the time of formation or renewal of the corporation.
The Nevada State Department of Taxation is a Nevada government state agency that mainly focuses on the collection and distribution of taxes in Nevada. Aside from its taxation-related duties, the agency also manages and regulates marijuana business licensing and property appraisals. [1]
In May 2007, the legislature modified the franchise tax by enacting a modified gross margin tax on certain businesses (sole proprietorships and some partnerships were automatically exempt; corporations with receipts below a certain level were also exempt as were corporations whose tax liability was also below a specified amount), which was ...
Nevada Transportation Authority; Real Estate Division; Taxicab Authority; Consumer Affairs; Aside from the above divisions, the department also manages several offices under the oversight of the Director's Office, which are Office of Business, Finance, and Planning; Nevada Consumer Affairs, and Ombudsman of Consumer Affairs for Minorities.
The Pentagon deployed modified C-130 aircraft to aid in the fight against the Los Angeles wildfires. The wildfires spread rapidly due to strong winds and dry conditions, scorching over 30,000 acres.
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