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General Business Taxes

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In fiscal year 2018, tax revenues within the state's General Fund reached nearly $3.8 billion. Of that, the hospitality industry accounted for nearly $1.5 billion, or 38.9 percent of the total. When non-tax revenues within the state General Fund are added to tax revenues, the hospitality industry represented 37.5 percent of revenues. Gaming taxes were responsible for generating the majority of the industry-generated taxes with $711.3 million, which was 47.3 percent of total General Fund revenue generated by the industry. The next largest contributor by the hotel-casino industry was sales and use tax, which generated $389.1 million during the fiscal year, accounting for 25.9 percent of total General Fund revenue generated by the industry.

NV Hotel-Casino Industry's Contribution to State General Fund Revenues - FY 2018

General Fund Revenue Source*Total CollectionsHotel-Casino Industry ContributionsHotel-Casino Industry as a Percent of Total
Branch Bank Excise Tax$2,745,343 $0 0.0%
Business License Fee$109,297,773 $9,727,502 8.9%
Cigarette Tax$160,664,759 $27,810,558 17.3%
Commerce Tax$201,926,513 $37,101,559 18.4%
Gaming Taxes$711,328,219 $711,328,219 100.0%
Governmental Services Tax$20,252,358 $9,599,618 47.4%
HECC Transfer (Higher Education Capital Fund)$5,000,000 $5,000,000 100.0%
Insurance Taxes$395,700,489 $41,676,624 10.5%
Liquor Tax$44,194,634 $13,414,608 30.4%
Live Entertainment Tax$125,408,805 $100,863,895 80.4%
Mining Taxes and Fees$63,522,196 $0 0.0%
Modified Business Tax (MBT) – Financial$28,404,810 $0 0.0%
Modified Business Tax (MBT) - Mining$22,437,129$0 0.0%
Modified Business Tax (MBT) – Nonfinancial [1]$531,001,790 $105,047,107 19.8%
Other Tobacco Tax$16,496,006 $2,855,406 17.3%
Transportation Connection Excise Tax$21,773,229 $7,620,630 35.0%
Real Property Transfer Tax [2]$103,390,400 $0 0.0%
Sales and Use Tax$1,189,226,502 $389,077,329 32.7%
Total Tax Revenue$3,752,770,955 $1,461,123,055 38.9%
Other Revenue$265,940,501 $44,003,622 16.5%
Total General Fund Revenue$4,018,711,456 $1,505,126,677 37.5%

Sources: Economic Forum; Las Vegas Convention and Visitors Authority; Nevada Gaming Control Board, Quarterly Statistical Report; Department of Taxation Nevada Department of Employment, Training and Rehabilitation and Applied Analysis.

Note: *Reflects collections within the Nevada General Fund and excludes taxes, fees and other charges that inure to the benefit of other state and local municipalities; [1] The modified business tax is a tax on gross payroll, less a deduction for employer-provided health care coverage. Because the hotel-casino industry provides such a significant share of these benefits to its employees, the industry's share of modified business tax collections is lower than its share of employees; [2] Assumed to be zero due to a lack of available data.

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2019 State Business Tax Climate Index

In the most recent Business Tax Climate Index rankings, Nevada ranks as the ninth best tax climate for businesses, positioning the Silver State as one of nation's leading pro-business states.

Source: Tax Foundation. Note: A rank of 1 is best, 50 is worst. The components of the Index are corporate tax, individual income tax, sales tax, unemployment insurance tax and property tax.

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Nevada's tax structure continues to be one of the least burdensome on the average citizen in the nation for the following reasons:

  • Residents pay very low per capita taxes.
  • Property taxes in Nevada are far lower than most states, and tax abatements that favor residential homeowners have widened the gap between classes of taxpayers.
  • Tourists pay a significant portion of the sales tax.

Unlike other states such as California, Nevada does not have a corporate or personal income tax. Because of the gaming industry in Nevada, many of the additional taxes imposed on individuals and businesses in other states are not imposed in Nevada. Some of these taxes include:

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  • Personal income tax
  • Corporate income tax
  • Sales tax on food
  • A general admissions tax
  • Bank excise measured by income
  • Bank share tax
  • Special intangible tax
  • Franchise tax on income
  • Inventory tax

Source: Nevada Taxpayers Association.

It Doesn't Stop With Gaming Taxes...

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Hotel-casino companies continue to hold the top spots as Nevada's largest property taxpayers. In Clark County, seven of the top ten appraised taxpayers were hotel-casino operating companies, including the state's largest property taxpayer, MGM Resorts International which has an appraised property value of $10.7 billion. In Washoe County, four of the top ten appraised taxpayers were hotel-casino operating companies. Peppermill Casinos Inc. was the top property taxpayer in Washoe County with an appraised property value of $291.8 million. Statewide, in fiscal year 2018, six of the top ten appraised taxpayers were hotel-casino operating companies when accounting for property taxpayers from other counties within the state.

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Largest Ad Valorem (Property) Taxpayers

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TaxpayerAssessed [1]Appraised [2]
Clark County
1MGM Resorts International$3.73 B$10.66 B
2Caesars Entertainment Corp. $1.98 B$5.66 B
3NV Energy$1.81 B$5.18 B
4Las Vegas Sands Corp. $963.35 M$2.75 B
5Wynn Resorts Limited$935.23 M$2.67 B
6Station Casinos Inc. $738.56 M$2.11 B
7Boyd Gaming Corp.$484.67 M$1.38 B
8Howard Hughes Corp.$435.63 M$1.24 B
9Eldorado Energy LLC$417.75 M$1.19 B
10Nevada Property 1 LLC$379.17 M$1.08 B
11Hilton Grand Vacations$283.80 M$810.85 M
12Picerne Real Estate Group$246.54 M$704.39 M
13General Growth Properties Inc.$201.87 M$576.76 M
14Universal Health Services Inc.$197.09 M$563.12 M
15Southwest Gas Corp.$196.07 M$560.19 M
16Molasky Group of Companies$190.42 M$544.05 M
17Switch Communications$187.03 M$534.37 M
18Harsch Investment Properties$171.20 M$489.13 M
19Ruffin Companies$163.46 M$467.03 M
20American Casino & Entertainment Properties LLC$158.60 M$453.13 M
Washoe County
1Peppermill Casinos Inc.$102.15 M$291.84 M
2Apple Inc.$79.56 M$227.32 M
3Icon Reno Property Owner Pool 3 NE$67.14 M$191.83 M
4Golden Road Motor Inn Inc. $48.26 M$137.88 M
5Circus & Eldorado Joint Venture$44.56 M$127.31 M
6MPT of Reno LLC$42.04 M$120.11 M
7AGNL Slots LLC$30.57 M$87.36 M
8Red Sparks SPE LLC$28.10 M$80.28 M
9Gage Village Commercial Development$27.60 M$78.85 M
10Lennar Reno LLC$27.11 M$77.45 M
11Hyatt Equities LLC$26.86 M$76.75 M
12Northwestern Mutual Life Insurance$24.82 M$70.92 M
13Icon Reno Property Owner Pool 6 WE$23.78 M$67.95 M
14Toll South Reno LLC$21.30 M$60.86 M
15Toll NV Limited Partnership$20.04 M$57.27 M
16Charles River Laboratories Inc.$18.02 M$51.47 M
17Wal-Mart Real Estate Business Trust$17.98 M$51.38 M
18Renown Health$16.93 M$48.37 M
19G&I VII Reno Operating LLC$16.92 M$48.33 M
20Meadowood Mall SPE LLC$16.87 M$48.21 M

Sources: Clark County's Assessor's Office, Secured and Unsecured Tax Rolls; Washoe County Assessor's Office, Real Property Assessment Roll. Notes: [1] Assessed value reflects 35 perfect of appraised value. [2] Appraised value reflects the cash value of land and replacement cost of improvements.