ANALYSIS OF NEVADA COMMERCE TAX IMPACTS BY INDUSTRY

Ekay Economic Consultants, in cooperation with the Center for Regional Studies at the University of Nevada, Reno, recently completed a study of the impact of the new Commerce Tax on business entities operating within the state of Nevada.  The study found that the tax will impact approximately 9.2% of all business entities and generate approximately $142 million in 2016 dollars.  The tax is also estimated to provide a $71 million credit, starting in fiscal year 2017, against Modified Business Tax liabilities estimated at $562 million per year given changes to the MBT contained in SB 483.  For detailed findings, methodology, study limitations, and other information, click on the link below to access the full study:

Analysis of Nevada Commerce Tax by Industry-July 2015

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