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    Mineral County Business Overview

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Mineral County

Taxes/Incentives | Business Resources | Employment by Industry | High Wage Industries | Largest Employers | Impact Fees | Business Start Up InformationNevada tax information

Taxes & Incentives

The incentives of doing business in Nevada are expansive. Nevada boasts one of the most liberal tax structures in the nation and from a tax-planning perspective, the return on investment in the form of tax saving dollars can be enormous.

Nevada has No Personal State Income Tax, No Unitary Tax, No Corporate Income Tax, No Inventory Tax, No Estate and/or Gift Tax, No Franchise Tax, No Inheritance Tax, and No Special Intangible Tax.

Incentive Matrix

Minimum State Requirements for Rural Areas
Minimum State Requirements for Expansions
Minimum State Requirements for Rural Recycling and Intellectual Property

Tax Comparisons

Sales Tax Rate

In Mineral County, the sales tax rate is 6.850.

Property Tax Rate

In Mineral County, the 2008-09 average county wide tax rate is 3.6600.

Calculating Real Property Taxes

The formula for calculating real property tax is as follows:

Taxable Value x .35 = Assessed Value
Assessed Value x Tax Rate = Total Real Property Tax

For more information, please see How Property Taxes are Calculated

Calculating Personal Property Taxes

Using the Cost Conversion Factor tables in the Personal Property Manual, use the following formula to calculate the assessed value. The assessed value is the value on which taxes are calculated.

Actual Cost x Cost Index (for appropriate year) = Cost of Replacement
Cost of Replacement x Percent Good = Taxable Value
Taxable Value x .35 = Assessed Value
Assessed Value x Tax Rate = Total Personal Property Tax

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Business Resources

Nevada's Industrial Development and/or Mini-Bond Programs through

Management Assistance Partnership (MAP)
If you are a Nevada manufacturer and in need of low-cost (2 to 3% below typical commercial rates) financing for real estate, buildings or new equipment, MAP may be able to help you qualify for Nevada's Industrial Development and/or Mini-Bond Programs. Bond Programs

www.itssimple.biz
An easily understandable site including all the information an entrepreneur would need to start a business.

Nevada Business Support Network
Connect to all of Nevada's free business assistance resources.

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Mineral County Employment by Industry

Industry 2003 2004 2005 2006 2nd Quarter 2007
Total All Industries1,7011,7351,6931,6901,798
Total Private Coverage1,1091,1471,1511,0791,211
Natural Resources & Mining144*742434
Construction2728321749
Manufacturing*1312**
Trade, Transportation & Utilities122120134145136
Information*****
Financial Activities3239333635
Professional & Business Services*****
Education & Health Services26295388101
Leisure & Hospitality237240261253268
Other Services*111178
Government592587585611587
Source: Nevada Department of Employment, Training and Rehabilitation
*Indicates confidential data

Return to TopMineral County High Wage Industries

Industry Annual Mean Wage Annual Entry Wage Annual Experience Level Wage
Public Administration$41,860$22,527$51,526
Trade, Transportation & Utilities$23,553$13,532$28,564
Source: Nevada Department of Employment, Training a`nd Rehabilitation (DETR)

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Mineral County's Largest Employers

Employer City Industry Code Number of Employees
Day & Zimmerman HawthorneHawthorneFacilities Support Services561210800 - 899
El Capitan Resort CasinoHawthorneCasino (except Casino Hotels)713210100 - 199
Mineral CountyHawthorneExecutive & Legislative Offices Combined921140100 - 199
Mineral County School DistrictHawthorneElementary & Secondary Schools611110100 - 199
Mount Grant General HospitalHawthorneGeneral Medical & Surgical Hospitals622110100 - 199
Source: Nevada Department of Employment, Training and Rehabilitation (DETR), 2nd Quarter 2007 

Return to TopImpact Fees

Mineral County does not currently have any commercial impact fees.

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Business Start Up Information*

Business License and Taxation Requirements

A business license is needed for each person, corporation, partnership, proprietorship, business association and any other similar organization that conducts an activity for profit, including an independent contractor or sole proprietor. A trade show or convention held in this state in which a business previously described takes part, or in which a person who conducts such a business attends, for a purpose related to the conduct of the business also needs a business license. Detailed information on the business license application process and taxation rates may be obtained at the Department of Taxation web page. You may obtain an application form from the Nevada Department of Taxation office nearest you, or you may click on Nevada Department of Taxation below to locate and download forms.

Nevada Department of Taxation
1550 E. College Pkwy.
Carson City, NV 89706
Phone: 775.684.2000
Fax: 775.687.5981

Local Business License Offices

A local business license is required to operate a business in nearly all cities, most counties, and many other locations. This is in addition to the State Business License. Please contact the appropriate business license office to determine the specific licensing requirements. The Nevada Business Registration Form available from the Department of Taxation may be used to apply for a local business license as well.

Mineral County
P.O. Box 1450
Hawthorne, NV 89415
Phone: 775.945.2446

Employer Identification Number

Every partnership or corporation must have an Employer Identification Number (EIN) to use as its taxpayer number. Sole proprietors must also have an EIN if they pay wages to one or more employees or if they are required to file any excise tax returns.

Internal Revenue Service Employer Identification Number
675 W. Moana Lane
Reno, NV 89509
Phone: 800.829.1040

Business Personal Property Declaration Form

Nevada tax laws require all persons, firms, or businesses owning, renting, leasing, or controlling business personal property to file a Business Personal Property Declaration Form. Please contact your city or county government office for more information.

Workman's Compensation Insurance

Every business that employs anyone must by law, obtain workers compensation insurance coverage unless that entity is certified by the Commissioner of Insurance as a self-insured employer.

State of Nevada Department of Business and Industry Division of Insurance
788 Fairview Drive #300
Carson City, NV 89702
Phone: 775.687.4270
Fax: 775.687.3937

Nevada Unemployment Compensation Program

Any business that employs one or more workers is an "employing unit" and must register with the Nevada Unemployment Compensation Program. Registration is made by submitting a Nevada Business Registration Form to the employment security division as soon as workers are hired.

Employment Security Division
1325 Corporate Blvd.
Reno, NV 89502
Phone: 775.688.2663
Fax: 775.688.2667

I-9 Forms for New Employees

Every employer is required, within 72 hours of hiring a new employee, to maintain a completed, signed, witnessed, and dated I-9 Form for each employee.

Immigration & Naturalization Service
1351 Corporate Blvd.
Reno, NV 89502
Phone: 800.375.5283

W-4 Forms

Every employee hired is to complete a W-4 Form so that the employer can withhold the proper amount of income tax from each paycheck. Any change in the employee's tax status requires a new form.

Internal Revenue Service
300 Booth Street
Reno, NV 89502
Phone: 800.829.1040

Nevada Labor Statutes

All employers must comply with Nevada's Labor Statutes and must post a sign explaining these laws at the place of business.

State Labor Commission
1445 Hot Springs Road, Ste. 109
Carson City, NV 89710
Phone: 775.687.4850
Fax: 775.687.6409

Incorporating

Businesses interested in incorporating, along with non-Nevada businesses seeking permission to do business in Nevada, should register with the Secretary of State's Office. The Secretary of State's office handles commercial recordings (incorporation), securities, notaries, and election information.

Secretary of State
Capital Building
101 N. Carson St., Suite 3
Carson City, NV 89701
Phone: 775.687.5203
Fax: 775.687.3471
Document on demand directory: 1.800.583.9486

Zoning Offices

The applicable city or county zoning ordinances should be checked to ensure that the desired location is zoned for the proposed type of business before buying or leasing property. For home-based businesses, please verify if a Home Occupation Permit will be required. Contact your local government office(s), or you may find the applicable zoning office(s) in the limited list above under Local Business License Offices.

Using a Fictitious Name

A fictitious name/dba certificate is required for all businesses that plan to use a name different than their legal or corporate name. It is best to check with the County Clerk's office where your business is located to determine if the fictitious name desired is available.

 

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