Understanding Nevada Tax: What You Need To Know
The Nevada tax system ranks 7th on the State Business Tax Climate Index. The major source of tax revenue is Sales tax. This is because of the presence of hotels and casinos in the State. Items like alcohol and cigarettes are taxed. Nevada is one of the eight states without an income tax. Common taxes in Nevada are property, commerce, and excise tax. There are three main types of taxes in Nevada: income taxes, sales taxes, and property taxes....