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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

Effected JurisdictionNevada
Jurisdiction type: State
Fiscal year ending In2018
Program nameCapital Investments of at least $3.5 Billion Tax Abatement
Program purpose: Business attraction/retention/expansion
Statutory authority: Nevada Revised Statutes 360.945
Abating jurisdiction(s): State of Nevada
Applicable taxesModified Business Tax; Insurance Premium Tax; Gaming Percentage Fee Tax
Method of abatement: Tax Abatement
Provisions for recapture: (no provisions for recapture)
Gross revenue loss: $3,583,000
Reimbursement / offset: $0
Net revenue loss: $3,583,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://controller.nv.gov/FinRpts/CAFR/ACFR/