January 13, 2015


State & Local Taxes in 2015


Nevada Tax Code Features

Progressive Features

• Sales tax base excludes groceries

Regressive Features

• No personal income tax

• Comparatively high reliance on sales and excise taxes

• Imposes a business payroll tax in lieu of a corporate profits tax

• Fails to provide tax credits to offset sales, excise, and property taxes

Tax Changes Enacted in 2013 & 2014

• No significant developments

ITEP Tax Inequality Index

According to ITEP’s Tax Inequality Index, Nevada has the 13th most unfair state and local tax system in the country. States with regressive tax struc­tures have negative tax inequality indexes, meaning that incomes are less equal in those states after state and local taxes than before (See Appendix B for state-by-state rankings and more details).

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