Our Dash of SALT Blog provides the most recent developments and changes in state and local tax regulations. Here are the latest updates for Nevada.
August 17, 2026
Nevada Proposes New Updates to the Voluntary Disclosure Program
Authored by: Kassie Britt and Courtney Easterday, MSA
The Nevada Tax Commission has issued a revised proposed regulation, LCB File No. R140-26I, that would rework the state’s voluntary disclosure program. Most significantly, the Department of Taxation would no longer accept an anonymous application; applications must identify the taxpayer and be filed through the Department’s online portal unless a waiver is granted. The proposal also extends the program to additional taxpayers, including those subject to the modified business tax and the taxes imposed on transportation network companies.
Applications must still be filed before the Department has initiated an audit or investigation, and that bar would be triggered by contact regarding a possible tax liability or registration requirement. Once an application is accepted, the taxpayer generally has 90 days to register, file the delinquent returns and pay estimated outstanding tax. Where the disclosed period exceeds eight years, returns and payment are required for the eight years immediately preceding the application.
The proposal also tightens the standard for penalty relief. The existing “good faith effort” language would be eliminated, and an estimate would be treated as inaccurate if it falls short of the actual liability by 10 percent or more without a demonstrated reasonable effort to report accurately. Taxpayers with unreported Nevada exposure should quantify that exposure carefully before applying.
If you have questions about state voluntary disclosure agreements, please reach out to a member of the Withum SALT Team.
June 30, 2023
Nevada Passes $380M Bill to Attract MLB Teams to Las Vegas
Authored by: Katie Szymanski, CPA and Katerine Velasquez
Nevada Governor Joe Lombardo enacted legislation that approved up to $380 million in tax incentives intended to bring a Major League Baseball team (presumably the current Oakland A’s) to the city of Las Vegas. The incentive program contains various development credits, transferable tax credits, and general obligation bonds. The transferable credits are worth $180 million and can be applied against Nevada’s MBT (Modified Business Tax), gaming license fees, and insurance premium taxes.
Developers interested in these incentives may apply for the credits after receiving qualified project financing and will be able to use those credits upon hitting various milestones in the construction progress. While this could be very beneficial to developers, there are stipulations to the credit incentive program related to employee benefits that should be considered before applying.
For additional detail, please refer to Nevada Tax Incentive.
If you have questions about state tax incentives, please reach out to a member of the Withum SALT Team.
October 21, 2021
Nevada – Commerce Tax Policy
The Nevada Department of Taxation has asserted that only entities engaging in manufacturing in Nevada may claim the manufacturing tax rate for purposes of the Commerce Tax. Entities that are engaged in manufacturing – but conduct their manufacturing operations outside of Nevada are required to use the higher rate applicable to wholesaling activities. To be eligible for the 0.091% manufacturing rate, the business must be primarily engaged in the transformation of materials, substances, or components into new products – and those activities must occur within the state. Business entities are subject to the 0.101% wholesaling rate when their transformation activities occur outside Nevada.
Nevada’s policy very likely violates the Commerce Clause as it treats in-state and out-of-state business conducting the same activity differently. More specifically, Nevada’s policy discriminates against interstate commerce by subjecting businesses which conduct their manufacturing operations outside Nevada to a higher tax rate than similarly situated entities which conduct their manufacturing operations within the state. Manufacturers that paid the commerce tax at the higher 0.101% wholesaling rate are likely entitled to a refund and should consider filing protective claims while this issue is being litigated.
Disclaimer: Please note this is the information that is readily available at this time, it is subject to change so please consult your Withum tax advisor.
Have Questions or Need Guidance?
For more information on this topic, please contact a member of our team.